For a corporation, direct investment from owners occurs when:

A. it sells newly issued stock.
B. its earnings are used for debt financing.
C. it issues commercial paper.
D. it pays dividend to its debenture holders.


Answer: A

Business

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a. Accounts Payable for $7,275 and a credit to Cash for $7,275 b. Accounts Payable for $7,500 and a credit to Cash for $7,500 c. Accounts Payable for $7,275 and to Interest Expense for $250, and a credit to Cash for $7,500 d. Accounts Payable for $7,275 and to Interest Revenue for $250 and a credit to Cash for $7,500.

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________ is the process of reaching an agreement through discussion between two parties to a dispute

A. Inquiry B. Mediation C. Negotiation D. Conciliation

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Accounting transactions are recorded chronologically in a:

a. journal b. ledger c. financial statement d. bookkeeper’s ledger e. general ledger

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MRP II is accurately described as:

A) MRP software designed for services. B) MRP with a new set of computer programs that execute on microcomputers. C) material resource planning. D) an enhancement of MRP that plans for all levels of the supply chain. E) a new generation of MRP software that extends MRP to planning and scheduling functions.

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