Which of the following organizations runs the Service Corps of Retired Executives (SCORE) program?
A. Foreign Credit Insurance Association
B. International Trade Administration
C. Small Business Administration
D. U.S. Department of Commerce
E. U.S. Commercial Service
C
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During Year 3, investors in bonds of Kline Corporation exercised their option to convert their debt securities into shares of common stock. The entry made in the accounting records to record the conversion is as follows: Bonds Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000 Common Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,000 Additional Paid-in Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . .2,000 The transaction requires a. inclusion in the statement of cash flows as an operating activity, only. b. inclusion in the statement of cash flows as an investing activity, only. c. inclusion in the statement of cash flows as a financing activity, only. d. disclosure in a supplementary schedule or notes to the financial statements. e. disclosure in managements' discussion and analysis.
Fixed cost is the difference between total cost and total variable cost
Indicate whether this statement is true or false.
On May 1, Faith, a real estate agent, and Grace, a commercial property owner, sign an agreement to find a buyer for Grace's office building. Under the terms, if a buyer makes a serious offer within sixty days, Grace must pay Faith's commission. Faith puts signs on the building, ads in real estate pamphlets and a local newspaper, and features the property in a "walking" tour on the Internet. On June 1, Grace tells Faith that she is canceling their arrangement. Ten days later, Grace closes a sale on the building without Faith's participation. Faith files a suit against Grace for the amount of her commission. In whose favor is the court most likely to rule and why?
What will be an ideal response?
Concept testing is a method of pretesting finished ads.
Answer the following statement true (T) or false (F)