A person who signs a guarantee agreement, undertakes to be equally liable for the loan owed by the main debtor
Indicate whether the statement is true or false
FALSE
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Native Mike's Consultants had the following balance sheet amounts at the beginning of the year: Total assets $400,000 Total owner's equity 150,000 During the year, total assets increased by $100,000 and total liabilities increased by $40,000 . The company also paid $30,000 in dividends. No other transactions occurred except revenues and expenses. How much is net income for the year?
a. $30,000 b. $60,000 c. $70,000 d. $90,000
A statement that presents the subject and focus of the speech is called a
A) complete sentence B) speci?c purpose C) title D) central idea
NV Inc has launched a touch sensitive handset in the Indian market and priced the same at INR 9500
Although many people are checking it out and showing interest about purchasing it, the majority of them are holding themselves back because they feel that it is not worth INR 9500. They compare the handset's feature with that of its other competitors offering the same features and come to a conclusion that it is worth INR 8500 and nothing more than that. What kind of a reference price are the consumers using?
The allowance method of handling bad debts violates the matching principle
Indicate whether the statement is true or false