Which of the following will be recorded in the general journal when using a manual accounting information system?
A) adjusting and closing entries
B) payment of accounts payable
C) purchase of merchandise inventory on account
D) sale of merchandise inventory on account
A) adjusting and closing entries
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Identify a true statement about the implied warranty of merchantability.
A. It assumes that every purchase involves the informed consent of a buyer. B. It holds that a business has a duty to ensure that its products will accomplish their purpose. C. It shifts the burden of proof from producers to consumers. D. It allows a business to completely disown any promise or warranty.
Which of the following correctly pairs a product with the stage in its life cycle?
a. checkbooks: growth b. credit cards: maturity c. 3-D televisions: obsolescence d. smart cards: decline
In an assignment problem:
A) one agent can do parts of several tasks. B) one task can be done by only one agent. C) each agent is assigned to its own best task. D) several agents can do parts of one task.
Courts will generally defer to an agency's construction of a statute within its area of expertise
a. True b. False Indicate whether the statement is true or false