Which of the following statements is false about a journal entry?
A) All debits are always listed before any credits.
B) It may have more than one debit or credit entry.
C) Credits are always indented.
D) Accounts that are increased are always listed first.
D
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The ________ Act seeks to make creditors disclose all terms of a credit arrangement before they enter into an agreement with a consumer-debtor
A) Dodd-Frank B) Sherman C) Truth-in-Lending D) Securities Exchange
Selection of a source of short-term financing should include all of the following EXCEPT
A) the effect of the use of credit from a particular source on the cost and availability of other sources of credit. B) the effective cost of credit. C) the floatation costs for debentures. D) the availability of financing in the amount and for the time needed. SAY. Write your answer in the space provided or on a separate sheet of paper.