Project audits are usually initiated at ad hoc times
Indicate whether the statement is true or false
FALSE
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The journal entry for accrued interest on a note payable includes ________.
A) a debit to Interest Expense and credit to Cash B) a debit to Interest Expense and credit to Interest Payable C) a debit to Interest Payable and credit to Cash D) a credit to Interest Expense and debit to Notes Payable
Altonvista Inc., a company based in California, is sued by a plaintiff from the state of Texas. Which of the following statements would apply to this situation?
A) The case must be heard in the California federal court as this is a subject matter in which federal courts have exclusive jurisdiction. B) If the plaintiff chooses to bring the case to the California federal court, it would stay in the federal court. C) If the plaintiff decides to bring the case to the California federal court, Altonvista Inc. can have the case moved to a California state court. D) The case can only be heard in a California state court as the matter is not subject to federal jurisdiction.
Explain how your expectations about the reader's reaction influence the organization and style of a message. Provide examples to support your explanation
Milton Company has total current assets of $46,000, including inventory of $10,000, and current liabilities of $20,000. The company's current ratio is:
A. 0.4. B. 1.8. C. 2.3. D. 2.8.