Notification by the bank that a deposited customer check was returned NSF requires that the company make the following adjusting entry:
A. debit Miscellaneous Expense, credit Account Receivable
B. debit Cash, credit Accounts Receivable
C. debit Accounts Receivable, credit Cash
D. debit Accounts Payable, credit Cash
Ans: C. debit Accounts Receivable, credit Cash
Business
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When considering the graph depicting the interrelationships between efficiency and effectiveness, where does an organization ideally want to operate?
A. Upper right-hand corner B. Lower right-hand corner C. Upper left-hand corner D. Lower left-hand corner
Business
The market segmentation theory suggests that the shape of the yield curve is determined by the supply and demand for funds within each maturity segment
Indicate whether the statement is true or false
Business