Financial statements are intended to tell the reader the value of a company
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements about full-line discount stores is true?
A. They have a narrow breadth of merchandise. B. They have inconsistent assortments. C. They confront intense competition from category specialists. D. They carry only private-label merchandise. E. They typically carry more brands and sizes in each category than department stores.
The two major citizen action movements to keep businesses in line are ________
A) consumerism and environmentalism B) protectionism and materialism C) consumerism and protectionism D) liberalism and monetarism E) innovation and predatory pricing
Which of the following is recommended advice when writing an appreciation message?
a. Time the message to arrive two to three weeks following the action or event. b. Use slight overstatements to communicate your favorable attitude. c. Avoid specific remarks about the receiver's performance or achievement. d. Consider sending a copy of the appreciation message to the individual's supervisor.
Moreno Company began Year 1 with a balance of $300 in Sales Tax payable. During the year, the company recorded taxable sales of $92,500. The ending balance in Sales Tax payable was $445. Moreno's sales tax rate is 4%.Required:a) How much sales tax did Moreno collect during Year 1?b) How much sales tax did Moreno remit (pay to taxing authority) during Year 1?
What will be an ideal response?