Which of the following would be included in the journal to record an NSF check?
A) a debit to Accounts Payable and a credit to Cash
B) a debit to Accounts Receivable and a credit to Cash
C) a debit to Cash and a credit to Accounts Receivable
D) a debit to Bank Expense and a credit to Cash
B
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Which of the following should be considered closely before Chisholm recommends increasing production to take advantage of the current exchange rate?
A) What is the expected outcome of Plas-Tex negotiations with an Asian manufacturer? B) How much revenue did Plas-Tex generate from European sales last year? C) What will be the effect on Plas-Tex if the euro depreciates more than the U.S. dollar? D) What has been the historic impact of capital flight on Plas-Tex revenues?
To ensure a smooth transition when buying an existing business, a buyer should ________
A) communicate with employees to reduce their uncertainty and anxiety B) be honest with existing employees about upcoming changes and plans for the company's future C) consider asking the seller to stay on and serve as a consultant until the transition is complete D) All of the above