A chart of accounts provides more detail than a ledger.
a. true
b. false
Ans: b. false
Business
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Under the equity method, dividend revenue is treated as ________
A) a debit to revenue from investments B) dividend revenue C) a return of capital D) a credit to current assets
Business
You made your first $3,000 deposit today into a retirement account earning an average annual rate of 6%
How long will it take your deposit to reach a value of $50,000? How long will it take if instead you invest the money into an account earning 10% per year? After making your calculations, how does this information affect your decision-making regarding long-term investments? What will be an ideal response?
Business