When bonds are converted to stock, any excess carrying value of the bonds over the par value of the stock is to be recorded as Additional Paid-in Capital
Indicate whether the statement is true or false
T
Business
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If merchandise is sold for $2,000 subject to credit terms of 2/10, n/30, the entry to record collection in full within the discount period would include a:
a. debit to Sales Discounts for $40. b. credit to Cash for $1,960. c. credit to Accounts Receivable for $40. d. None of the above.
Business
Send a ________ to take note of a significant event in someone's business or personal life
A) message of appreciation B) message of congratulations C) message of acknowledgement D) message of recognizance
Business