Which set of items below are current assets?
a. Accounts receivable, net income, inventory, and dividends
b. Cash, accounts receivable, capital stock, and sales
c. Net income, cash, office supplies, and inventory
d. Cash, accounts receivable, inventory, and office supplies
d
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An ordinary annuity is if the cash flows occur on the first day of each period
Indicate whether the statement is true or false
Valley Spa purchased $9400 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 12% promissory note for $9400. If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note? (Use 360 days a year.)
A. Debit Bad Debt Expense $9588; credit Accounts Receivable $9588. B. Debit Bad Debt Expense $9400; credit Notes Receivable $9400. C. Debit Accounts Receivable-Valley Spa $9588, credit Interest Revenue $188; credit Notes Receivable $9400. D. Debit Accounts Receivable-Valley Spa $9400; credit Notes Receivable $9400. E. Debit Accounts Receivable $9588; debit Bad Debt Expense $188; credit Notes Receivable $9400.
Which set of items below are classified as current assets?
A) Accounts receivable, Net income, Inventory, and Dividends B) Cash, Accounts receivable, Capital stock, and Sales C) Net income, Cash, Office supplies, and Inventory D) Cash, Accounts receivable, Inventory, and Office supplies
Adolph Coors Co. ran an ad that featured a purported taste test between Coors's Aspen Edge and Anheuser-Busch's Michelob Ultra. A taste tester downed a glass of Aspen Edge and took only a sip of Michelob Ultra. A print version of the ad said, "Beer drinkers agree that Aspen Edge has more taste than Michelob Ultra." Coors was forced to remove the television advertisements after Anheuser-Busch said it made unsubstantiated claims about consumer preferences. Anheuser-Busch most likely
A. relied on laws designed to protect against gray marketing. B. asserted that Coors used bait-and-switch offers with consumers. C. wanted research data that supported Coors's claim. D. issued an unsupported cease-and-desist order. E. accused Coors of violating copyright and trademark laws.