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Home Q & A Board Other Fields Homework Help Business Accounting
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badkarma2007 badkarma2007
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Posts: 529
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6 years ago
Cash usually means only currency and coins.
 a. True
   b. False
   Indicate whether the statement is true or false


(Q. 2) The main purpose of a not-for-profit business is to add value to a product or service in order to make a profit.
 
  Indicate whether the statement is true or false


(Q. 3) What is the term applied to the excess of net revenue from sales over the cost of merchandise sold?
 a. gross profit
  b. income from operations
  c. net income
  d. gross sales


(Q. 4) Accounts receivable represents ________.
 
  A) amounts owed by the company to suppliers
  B) amounts owed to the company by customers
  C) revenue
  D) shareholders' equity


(Q. 5) The Securities and Exchange Commission (SEC) is the governmental agency that monitors the stock market and the financial reporting of publicly held companies.
 
  Indicate whether the statement is true or false


(Q. 6) Management is responsible for establishing and maintaining an adequate system of internal control.
  Indicate whether the statement is true or false
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Khushhal F.Khushhal F.
wrote...
#1
Posts: 296
Rep: 6 0
6 years ago
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badkarma2007 Author
wrote...
#2
6 years ago
This helps so much, thank you for responding so quickly...
wrote...
#3
6 years ago
No worries, I was online and bored Grinning Face with Smiling Eyes
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