Sassy Cat Magazine sold 75 new pre-paid subscriptions to their publication. The subscription money is an example of a(n):
A) accrued revenue.
B) estimated liability.
C) contingent liability.
D) known liability.
D) known liability.
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Internal control systems are recommended but not required of firms subject to the Sarbanes-Oxley Act
Indicate whether the statement is true or false
Learning theory focuses on
A. exploring in depth which outcomes motivate people to perform at a high level. B. distributive justice. C. the best format for effective growth and development. D. the fair distribution of training opportunities. E. the linkage between performance and outcomes in the motivation equation.
Which of the following Microsoft Excel functions can be used to assign RFM scores for a customer?
a. VLOOKUP b. Correlation c. Pivot table d. Data series
On December 31, Year 1, Houston Company's total current assets were $560,000 and its total current liabilities were $420,000. On January 1, Year 2, Houston issued a long-term note to a bank for $30,000 cash.Required:(a) Compute Houston's working capital (1) before and (2) after issuing the note payable.(b) Compute Houston's current ratio (1) before and (2) after issuing the note payable. Round your answer to two decimal places.
What will be an ideal response?