On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. Flores uses the gross method of accounting for sales discounts. What is the correct entry for Flores on November 10?

When can shareholders sue a corporation directly? a. only if their own rights have been violated b. only if the corporation has been wronged c. only if they hold at least 10 percent of company stock d. at any time they wish?

Hardy borrowed $20,000.00 from the E-Z loan company. The loan is to be repaid in 36 monthly installments of $608.44. At the end of 10 months, Harry decided to pay off the loan. Harry is entitled to a rebate of

1. A subsidiary has plant assets with a fair value of $70 million and book value of $60 million at the date of acquisition. The plant assets have a remaining life, as of the date of acquisition, of 20 years, straight-line.

Firms and municipal entities can raise money by issuing official "ious" which they have to repay at face value on the maturity date. one advantage of this type of financing is that the interest paid to the holder is tax deductible.

Use your knowledge about the advantages of international trade to complete each sentence. 1. International trade economic growth. 2. International trade the specialization of goods. 3. International trade the types of goods.

How does money make the exchange process easier

Analyzing the difficulty, frequency, and importance of work activities associated with a particular job is a fundamental aspect of job design.

Which of the following transactions would cause a decrease in both assets and stockholders' equity? A) Paying advertising for the current month. B) Purchasing office equipment on account. C) Paying insurance premium for the next two years.

The adjusting entry to record an accrued expense includes a debit to: a. an expense account and a credit to a liability account. b. an expense account and a credit to a revenue account. c. a liability account and a credit to a revenue account. d.

Which sentence is correct? a. the school system comprises five different districts, each of which is comprised of six or more schools. b. the school system comprises five different districts, each of which comprises six or more schools. c.