What are the five main transportation systems used for shipping goods?
Motor carrier, railroad, waterway, pipeline, and air carrier.
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Which of the following organizations is responsible for setting auditing standards followed by public accounting firms in conducting independent audits of financial statements?
a. Financial Accounting Standards Board (FASB) b. Securities and Exchange Commission (SEC) c. Public Company Accounting Oversight Board (PCAOB) d. International Accounting Standards Board (IASB)
A question related to inventory levels that a company needs to ask is, ______?
A. How can we minimize the cost of inventories B. Where should these inventories be located C. How can these inventories be insured D. How can these inventories be transported
Positive politics is referred to as ______.
A. when power is meant to serve others and not be self-centered B. happy and energetic politics C. political power to wield over people D. power used to accrue an abundance of resources for political gain
Giorgio Italian Market bought $4,000 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $4,000. Food Supplier's journal entry to record the sales transaction is:
A. Debit Notes Receivable $4,000; debit Interest Receivable $60; credit Sales $4,060 B. Debit Accounts Receivable $4,060; credit Sales $4,060 C. Debit Accounts Receivable $4,000; credit Sales $4,000 D. Debit Notes Receivable $4,000; credit Sales $4,000 E. Debit Notes Receivable $4,060; credit Sales $4,060