A one-way frequency table shows the number of respondents who answered each possible response to a question given the available alternatives.
Answer the following statement true (T) or false (F)
True
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Which of the following statements is true with respect to long-term liabilities?
a. They are obligations that will be satisfied within one year. b. An account payable is a good example of a long-term liability because it is interest-bearing. c. Long-term liabilities include bonds, other long-term liabilities and deferred income taxes. d. Accrued expenses are considered to be long-term liabilities.
If merchandise is sold for $100 with credit terms of 2/10, n/30 and cash is received within the discount period, the journal entry would require a:
a. debit to cash for $98. b. debit to cash for $100. c. credit to sales discount for $2. d. credit to accounts receivable for $98.
For the purposes of procedural due process, __________ includes certain entitlements conferred by government such as social security payments and food stamps
a. the right of free speech b. equal protection c. property d. liberty
With respect to #39, suppose Alice just sold her home 9 months after buying it to Robert Woolf. Which of the following describes Robert's rights?
A)?Robert does not have privity of contract and cannot recover for the dry wall issues from Talman. B)?Robert can recover from Talman for damages from the drywall issue. C)?Robert only has rights against the Chinese manufacturer. D)?Robert will just have to live with the drywall issue or fix it himself.