Old Colonial Corp. (a U.S. company) made a sale to a foreign customer on September 15, 2021, for 100,000 stickles. Payment was received on October 15, 2021. The following exchange rates applied: Required:Prepare all journal entries for Old Colonial Corp. in connection with this sale assuming that the company closes its books on September 30 to prepare interim financial statements.

Bocchini Corporation has provided the following data concerning last month's operations. How much is the unadjusted cost of goods sold on the Schedule of Cost of Goods Sold?

A) $165,000
B) $163,000
C) $169,000
D) $202,000

Which of the following best describes combination leases?

A) Combination leases combine the features of operating leases and financial leases.
B) Combination leases combine the features of operating leases and convertible debt.
C) Combination leases combine the features of operating leases and financial leverage.
D) Combination leases combine the features of operating and equity options.

The difference between a positive economic statement and a normative economic statement is that:

A) a positive statement must be true,while a normative statement is often not true.
B) a normative statement must be true,while a positive statement is often not true.
C) a positive statement can be verified,while a normative statement cannot.
D) a normative statement can be verified,while a positive statement cannot.
E) a positive economic statement is a moral judgment,while a normative economic statement is not a moral judgment.

Only a small percent of businesses operating worldwide are family owned; most are public corporations.

Kwanika Co. operates in a lean manufacturing environment. During its first year of operations, Kwanika budgeted for 40,000 hours in the production of 100,000 units in its Cell X-22. Materials costs were $7.00 per unit. Cell X-22 conversion costs were budgeted for the year as follows: During January, materials for 8,400 units were purchased on account. There were 8,200 units manufactured and 8,000 were sold and shipped to customers for $35 each. Conversion costs are applied based on units of production. Journalize (a) the materials purchases, (b) the application of conversion costs, (c) the transfer from work in process to finished goods, and (d) the sales (all made on account) and associated cost of goods sold for the month of January.

Which of the following is a difference between a living language and a dead language?

A) Latin is an example of a living language, whereas Sanskrit is an example of a dead language.
B) A living language is one spoken by a native population somewhere, whereas a dead language is no longer native anywhere.
C) Only 15 living languages are spoken throughout the world, whereas at least 7,102 dead languages are spoken throughout the world.
D) A living language is one that is spoken by at least one person, whereas a dead language is one that is not spoken by anyone.

Lillian Fey purchases a night table from Aretha Boyner.Aretha wants Lillian to pay her by check before delivering the night table to Lillian's house.Lillian decides to attach an indorsement that reads,"Pay to Aretha Boyner if she delivers her night table to me,Lillian Fey,at 16 Holmes RD." This is an example of a(n) :

A) indorsement for deposit.
B) conditional indorsement.
C) qualified indorsement.
D) significant indorsement.

Explain some of the situations in which rebellious or deviant celebrities can be an asset to a brand.

Soledad and Winston are partners who share income in the ratio of 1:3 and have capital balances of $100,000 and $140,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $130,000. What amount of loss on realization should be allocated to Winston?

A) $110,000
B) $97,500
C) $42,500
D) $82,500