corporations are legally formed by filling articles of organization with the state in which the corporation be created True or False

What is a credit card balance? AThe amount of interest you must pay the credit card company BThe required minimum payment to your credit card company CA way to track your incoming and outgoing purchases DThe amount of money you still owe to the

Glass Doors Inc. (GDI) is preparing the stockholders' equity section of their balance sheet. The following items occurred during the year. Which one of the following will not directly impact the stockholder's equity section of the balance sheet? a.

A quasi-custom product: gets its apparent customization from the combinations available from a small number of modules. is often the output of repetitive focus facilities. is a valid description of a fast food sandwich. only applies in services.

In October of year 0, Janine received a $17,680 payment from a client for 34 months of security services she will provide starting on November 1 of year 0. This amounts to $520 per month. Janine is a calendar-year taxpayer. a.

Liz and John formed the equal LJ Partnership on January 1 of the current year. Liz contributed $80,000 of cash and land with a fair market value of $90,000 and an adjusted basis of $75,000.

Advertisers who want to advertise during award-winning television shows are looking to transfer the favorable impressions of the shows onto their products. this transference is called a

The current sections of Blue Spruce Corp.'s balance sheets at December 31, 2019 and 2020, are presented here. Blue Spruce's net income for 2020 was $151,700. Depreciation expense was $24,300.

Which of the following statements is true of financial accounting? a. Financial accounting is subject to externally imposed rules. b. Financial accounting is directed toward external users. c.

From a customer service perspective, one of the four important characteristics for global market and strategy is technology companies counteract short product lifecycle with continual upgrades and new products. A. True. B. False

Mayes Company records all prepayments in income statement accounts. At April 30, the trial balance shows Supplies Expense $2,800, Service Revenue $9,200, and zero balances in related balance sheet accounts.