An oral agreement for the sale of land is enforceable under the statute of frauds
a. True
b. False
Indicate whether the statement is true or false
False
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The actual hourly rate paid above or below the standard hourly rate, multiplied by the actual number of hours worked is the:
a. Labor rate variance. b. Labor efficiency variance. c. Labor usage variance. d. Labor direct variance.
A company's five-day weekly payroll of $890 is paid on Fridays. Assume that the last day of the month falls on Tuesday. Which of the following is the required adjusting entry for the month end?
A) Debit Salaries Payable $534 and credit Salaries Expense $534. B) Debit Salaries Expense $534 and credit Salaries Payable $534. C) Debit Unpaid Salaries $356 and credit Salaries Payable $356. D) Debit Salaries Expense $356 and credit Salaries Payable $356.
On the statement of cash flows, the cash flows from financing activities section would include:
A) receipts from the sale of investments. B) payments for the acquisition of investments. C) receipts from a note receivable. D) receipts from the issuance of capital stock.
In civil law countries, the lien exists against the owner as a debtor
Indicate whether the statement is true or false