The account allowance for uncollectible accounts is classified as a (n contra account to uncollectible accounts expense. expense. liability. contra account to accounts receivable.

If prices rise but income stays the same, what is the effect on the quantity demanded? a. quantity demanded increases. b. fewer goods are bought. c. more goods are bought. d. demand stays the same.

The time of a loan could be expressed in months, years, or days. true false

Waterway Company owns 30% interest in the stock of Pharoah Corporation. During the year, Pharoah pays $21000 in dividends to Waterway, and reports $315000 in net income. Waterway Company's investment in Pharoah will increase Waterways net income by

Which of the following describe the role of an entrepreneur in a capitalist economic system? (Select 2) A. Someone who combines the factors of production into a business B. Someone who decides how much regulation the economy needs C.

Eastern Electric currently pays a dividend of about $1.64 per share and sells for $27 a share. a. If investors believe the growth rate of dividends is 3% per year, what rate of return do they expect to earn on the stock? b.

Osborn Company's unadjusted book balance at June 30, 2014 is $7,800. The company's bank statement reveals bank service charges of $45.

Which of the following is a correct formula when markup is based on selling price? a Dollar markup X Selling price = Percentage markup b Dollar markup + Percentage markup = Selling price c Dollar markup - divide by-Percentage markup =

Knorr issues 1,000 shares of $2 par value common stock for $10 per share. The journal entry to record this transaction will include which of the following?

joan made deductible contributions to traditional retirement accounts for several years. in 2018 she decided to withdraw $10,000 from one of her accounts. joan is 62 years old how does this transaction affect her 2018 tax return

If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $2,000, cash paid for bond interest is: a.$790,000. b.$784,000. c.$806,000. d.$910,000.