Which of the following situations involves a deferral?

a. Recording accrued interest
b. Recording depreciation
c. Recording unrecorded wages
d. Recording unrecorded revenue

B

Business

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Credit terms 2/10, net 30 means ________

A) a discount of 10% is granted if payments are done within 30 days B) a discount of 10% is granted if payments are done within 2 days, net 30 days available C) a discount of 2% is granted if payments are done within 10 days, net 30 days available D) a discount of 2% is granted if payments are done within 30 days, beyond which a 10% interest is charged

Business

Digital technologies make it possible to produce and distribute a high-quality duplicate of any digital recording with minimal effort and cost

Indicate whether the statement is true or false

Business