Choose the sentence that has correct capitalization
A)
Beginning September 1, our local bank is open Saturday and Sunday.
B)
Beginning September 1, our local bank is open saturday and sunday.
A
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Which of the following is an application of accrual accounting?
A) Depreciating a building as quickly as allowed by income tax regulations. B) Recording utilities expense in the accounting period covered by the monthly bill. C) Expensing a machine in its entirety when purchased. D) Recording revenue at the time payment is received.
A firm purchased an office machine for $18,400, estimated that it will use the machine for 15 years, and estimated a salvage value of $400 . On December 31 of the sixth year, before closing the books for the year, the firm analyzed its estimates of useful life and salvage value. In light of new information, the firm estimated that the machine will have a total useful life of only 10 years, and
the salvage estimate of $400 remains reasonable. The new estimate of the remaining life is five years (the year just ended plus the next four). The depreciation entry on December 31 of the sixth year and each year thereafter is: a. Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,200 Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,200 b. Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,400 Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2,400 c. Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,200 Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,200 d. Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . .2,400 Depreciation Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,400 e. none of the above
One consideration to make in selecting the channel for a message is the necessity of a permanent record
Indicate whether the statement is true or false
To sound confident, effective writers often use the phrase "I know that" in front of key assertions
Indicate whether the statement is true or false