In preparing a bank reconciliation, the amount of an error indicating the recording of a check in the journal for anamount larger than the amount of the check is added to the balance per company's records.
a. True
b. False
Indicate whether the statement is true or false
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Q. 2) Zero-interest (zero-coupon) bonds do not provide bondholders with interest payments. Instead, the face value of the bond is paid to the owner at the bond's maturity date.
Indicate whether the statement is true or false
(
Q. 3) All of the following are components of a backup and recovery strategy except:
a. echo checking
b. mirror site
c. electronic vaulting
d. hot site
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Q. 4) The board of directors of Kim Brothers Fitness Center is going to declare the first-ever dividends for the new corporation. The total amount of cash available for dividends is 2,000.
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Q. 5) Employers use the ____________________ to transmit employees' W-2 forms to the Social Security Administration.
Fill in the blank(s) with correct word
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Q. 6) Chase Challengingware Store had 500,000 in total assets, 175,000 in total liabilities, and 325,000 in shareholders' equity. Interest expense for the period was 7,500. Income from operations was 50,000. Calculate the debt-to-equity ratio.
Round your answer to the nearest tenth of a percent.
What will be an ideal response?
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