Some works are considered to be in the public domain because ______________________
a. their copyright has expired
b. the author is unknown
c. they have no intrinsic value
d. copyright was never filed
a
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At the end of the day, the cash register's record shows $1264, but the count of cash in the cash register is $1252. The correct entry to record the cash sales is
A. Debit Cash $1264; credit Cash Over and Short $1252; credit Sales $12. B. Debit Cash $1252; Credit Sales $1252. C. Debit Cash $1252; debit Cash Over and Short $12; credit Sales $1264. D. Debit Cash $1264; credit Sales $1264. E. Debit Cash Over and Short $12, credit Sales $12.
When the cost of available-for-sale securities exceeds market value, the Allowance to Adjust Long-Term Investments to Market account is added to Long-Term Investments on the balance sheet
Indicate whether the statement is true or false
For available-for-sale equity securities, the Allowance to Adjust Long-Term Investments to Market account should be reported as a(n)
A) realized loss item on the income statement. B) prior period adjustment. C) contra-asset on the balance sheet. D) other comprehensive income (loss)
In most business organizations, the chief accountant is called the treasurer
Indicate whether the statement is true or false