Which financial statement would you refer to in order to determine whether a company owed funds to creditors?
a. Balance Sheet
b. Statement of Retained Earnings
c. Income Statement
d. Statement of Public Accounting
a
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Which of the following would be the best illustration of a subculture?
A) a religion B) a group of close friends C) your university D) a fraternity or sorority E) your occupation
The Platinum Rule is:
A) Do Unto Others As You Would Have Them Do To You B) Do Unto Others As They Want Done Unto Them C) Do Unto Others As You Know You Should D) Ask Others To Do To You As You Would Do To Them E) Ask Others To Do To You As They Would Do To Themselves
Misumi’s ______ theory identifies four types of leadership based on two basic dimensions that are viewed as functions that a leader needs to fulfill rather than as a specific set of behaviors that a leader needs to carry out.
A. paternalism B. performance dimension C. task oriented D. performance–maintenance
A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 28, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the merchandise return on July 7 is:
A. Debit Accounts Payable $200; credit Merchandise Inventory $200. B. Debit Merchandise Inventory $200; credit Sales Returns $200. C. Debit Merchandise Inventory $200; credit Accounts Payable $200. D. Debit Accounts Payable $1,800; credit Purchase Returns $200; credit Merchandise Inventory $1,600. E. Debit Merchandise Inventory $1,600; credit Cash $1,600.