The journal is commonly referred to as a(n) ____________________, because it is here that the first formal
accounting record of a transaction is made.
Fill in the blank(s) with the appropriate word(s).
book of original entry
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Under the Uniform Commercial Code (UCC), a lawsuit for breach of a sales contract must be filed:
A. within a year after the breach is detected. B. within ten years after the breach occurs. C. as soon as the breach is detected. D. within four years after the breach occurs.
Which step of the AIDA plan encourages the audience to hear about your main idea?
A) Action B) Interest C) Interpersonal D) Desire E) Attention
Working capital measures
a. the excess of current assets over current liabilities—what is on hand to continue business operations. b. the ability to earn a satisfactory income. c. the amount of debt in the company. d. the profitability of the business.
A contract giving the owner the right, but not the obligation, to buy or sell an asset at a specified price any time during a specified period in the future is referred to as a(n)
a. interest rate swap. b. option. c. futures contract. d. forward contract.