Payroll processing can be automated easily because accounting for payroll is very simple
Indicate whether the statement is true or false
F
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Research suppliers may be thought of as consisting of two groups: internal suppliers and external suppliers
Indicate whether the statement is true or false
Marvin Company issues $125,000 of bonds at face value on January 1. The bonds carry a 6% annual stated rate of interest. Interest is payable in cash on December 31 of each year. Which of the following shows the effect of the first interest payment on the elements of the financial statements? Assets=Liab.+Stk.EquityRevenue?Expense=Net Inc.Stmt. ofCash FlowsA.(7,500)=(7,500)+NANA?NA=NA(7,500)FAB.(7,500)=NA+(7,500)NA?7,500=(7,500)(7,500)FAC.(7,500)=(7,500)+NANA?NA=NA(7,500)OAD.(7,500)=NA+(7,500)NA?7,500=(7,500)(7,500)OA
A. Option A B. Option B C. Option C D. Option D
The owner of the policy in a life insurance without exception is the ________
A) insurance company that issues the policy B) person who pays the premiums C) next of kin of the insured person D) person who receives the insurance proceeds
Which of the following statements about the World Trade Organization (WTO) is most accurate?
A. The World Trade Organization was formed in 2008 to response to the global recession. B. The WTO was formed by the United Nations. C. By mid-2013, there were 159 WTO member countries, including the United States, which account for more than 90 percent of world trade. D. The WTO uses panels of trade experts who can issue non-binding recommendations. E. The WTO sets rules governing trade between member and nonmember countries of the world.