A business marketer normally deals with far fewer buyers than a consumer marketer does
Indicate whether the statement is true or false
TRUE
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Valor Company issued 5,000 shares of $1 par common stock for $30 per share, providing the company with $150,000 in cash. What effect, in addition to the increase in cash, does this transaction have on the accounting equation for Valor?
a. Common Stock increases $150,000. b. Common Stock increases $5,000; Additional Paid-in Capital—Common increases $145,000. c. Common Stock increases $5,000; Retained Earnings increases $145,000. d. Common Stock increases $5,000; Gain on Sale of Common Stock increases $145,000.
The revenue recognition principle is the basis for making adjusting entries that pertain to unearned and accrued revenues.
Answer the following statement true (T) or false (F)
Businesses that fail to comply with the ADA can face civil penalties up to what amount for the first violation?
a. $100,000 b. $1,000,000 c. $25,000 d. $50,000 e. unlimited
The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) is very popular with local people in Africa who live near the species
a. True b. False Indicate whether the statement is true or false