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251)When a company collects sales tax from a customer, the event is recorded with a(n) in Cash and a(n) in Sales Tax Payable:
180,000
298) What is net income?
A) $120,000. B) $65,000. C) $110,000. D) $60,000.
299) When a firm gets riskier what will happen to its bonds
A) the stated interest rate of the bonds will go down
B) the stated interest rate of the bonds will not change
C) there is no definite answer
D) the stated interest rate of the bonds will go up
300) For a journal entry with only two lines, the following entry is valid: Decrease in Owners' Equity, Increase in Dividends.
A) False B) True
