Under the modified cash basis of accounting, no entry is made when
a. property is purchased on credit; b. cash is received; c. depreciation is recognized; d. a utility bill is received; e. every one of these requires an entry
D
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Commodity L sells for $12.00; selling expenses are $2.40; normal profit is $3.00 . If the cost of Commodity L is $7.80 and the replacement cost is $6.00, the lower of cost or market is
a. $5.40. b. $6.60. c. $6.00. d. $7.80.
The three types of integer programs are: pure integer programming, impure integer programming, and 0-1 integer programming
Indicate whether the statement is true or false
In U.S. v. United States Gypsum, regarding sharing of price information by gypsum makers, the Supreme Court held that:
a. the gypsum industry is so small that it simply could not conspire to restrain information b. the case was subject to a per se rule against price fixing, so it was illegal c. the gypsum industry, being part of construction, is exempt from antitrust laws d. the gypsum industry is so small information sharing is essential e. none of the other choices
A _________ forms a barrier through which the traffic going in each direction must pass and dictates which traffic is authorized to pass
What will be an ideal response?