The least costly transaction method for the FDIC to close an insolvent bank is
A. payoff.
B. purchase and assumption.
C. assistance.
D. foreclosure.
Answer: B
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Checks received from customers are considered to be cash in the company's books
a. True b. False Indicate whether the statement is true or false
Amortization of bond discount results in a(n)
a. decrease of the bonds payable account. b. decrease of stockholders' equity. c. increase of stockholders' equity. d. decrease in the cash account.
A business maintains subsidiary accounts for each of its customers. On April 7, the business provides $2,500 in services to Anne Hill on account. The business sells $4,000 (sales price) of merchandise inventory to Ron Wilson on account.
The full amount was collected from each customer on April 26.
Prepare the journal entries for April 7 and April 26. Ignore Cost of Goods Sold and omit explanations.
Which of the following social media metrics is the most common and easiest to measure?
A. amplification rate B. conversion rate C. volume of mentions D. applause rate E. engagement