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Home Q & A Board Other Fields Homework Help Business Accounting
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2goodgabe 2goodgabe
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6 years ago
When a company repays a loan, both the principal and interest paid are financing activities.
 
  Indicate whether the statement is true or false


(Q. 2) A depositor may endorse checks with a rubber stamp.
 a. True
   b. False
   Indicate whether the statement is true or false


(Q. 3) In credit terms of 3/15, n/45, the 3 represents the
 a. number of days in the discount period
  b. full amount of the invoice
  c. number of days when the entire amount is due
  d. percent of the cash discount


(Q. 4) If a company spends 25 on copy paper, the amount is not material compared with the total office supplies budget of 250,000.
 
  Indicate whether the statement is true or false


(Q. 5) Monitoring is a process that assesses the quality of internal control performance over time.
  Indicate whether the statement is true or false


(Q. 6) Businesses receive contributed capital when customers pay for goods or services.
 
  Indicate whether the statement is true or false
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KdayKday
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Posts: 369
Rep: 9 0
6 years ago
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2goodgabe Author
wrote...
#2
6 years ago
Easily the best answer, TY and have a wonderful day
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