A simple attribute has only one element
Indicate whether the statement is true or false
TRUE
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Digital Corporation The following data concern Digital Corporation for 2012. Credit sales during the year $2,400,000 Accounts receivable--December 31, 2012 410,000 Allowance for bad debts--December 31, 2012 55,000 Bad debt expense for the year 35,000 Refer to the information provided for Digital Corporation. What are the effects on the accounting equation when Digital writes off a bad debt under
the allowance method? A) Assets decrease and equity increase B) Assets and equity decrease C) Assets increase and equity decreases D) No effect on overall assets or equity
The Palace Confectionary Co is a small business located in the northeastern United States. The owner of Palace Confectionary is calculating the projected costs for the coming year. There is rent for the building; salaries for the retail employees; raw materials of sugar, chocolate, and other ingredients; wrappers for packaging of individual pieces of candy; boxes; and radio advertising. Palace's ______ are most likely to be the raw materials of sugar, chocolate, and other ingredients, as well as the wrappers.
A. sunk costs B. variable costs C. direct costs D. fixed costs E. marginal costs
Within American culture, sustained eye contact indicates integrity, trust, and respectful attention, whether you're communicating with a subordinate, a superior, or a peer.
Answer the following statement true (T) or false (F)
A guarantor can be required to pay an obligation only after the principal debtor defaults
Indicate whether the statement is true or false