Jennifer grants an access easement to Cynthia across her property. ?Cynthia is the servient tenement
Indicate whether the statement is true or false
False
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An entity erroneously recorded a large purchase twice. Which of the following internal controls would be most likely to detect this error in a timely and efficient manner?
A. Footing the purchases journal. B. Sending written quarterly confirmations to all vendors. C. Reconciling vendors' monthly statements with subsidiary payable ledger accounts. D. Tracing totals from the purchases journal to the ledger accounts.
Under the direct write-off method, when an account receivable is written off in one account period and is collected in the following accounting period, which of the following is required in the second period when reinstating the account?
a. a debit to Accounts Receivable; b. a credit to Bad Debt Expense; c. a credit to Cash; d. a debit to Cash; e. a credit to Accounts Receivable.
You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24th month, you will have $13,000 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning?
A. 7.62% B. 8.00% C. 8.40% D. 8.82% E. 9.26%
A mixed cost has characteristics of both a variable and a fixed cost
Indicate whether the statement is true or false