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NEW QUESTION: 1
Product versions are software units that can be installed on your system and do not run independently of other software.
Determine whether this statement is true or false.
A. False
B. True
Answer: A

NEW QUESTION: 2
What are the pros/cons of Migration Workbench for Initial Load Scenarios?
There are 2 correct answers to this question. Choose:
A. Technical connectivity on-premise
B. Simpler UI
C. Cannot accessed directly from the Cloud
D. Limited data load volumes
Answer: B,D

NEW QUESTION: 3
ABC Manufacturing Company ships merchandise U s $40.000 on consignment to XYZ Stores. ABC pays US $3,000 of freight costs to a transport company, and XYZ pays US $2,000 for local advertising costs that are reimbursable from ABC. By the end of the period the three, fourths of the consigned merchandise has been sold for US $50,000 cash. XYZ notifies ABC of the sales, retains a 10% commission and the paid advertising costs and remits the cash due ABC. Select the journal entry that appropriately records the notification of sale and the receipt of cash by ABC.
A. Cash US $43,000 Advertising expense 2,000 Commission expense 5,000 Revenue from consignment sales US $50,000
B. Cash US $40,000 Commission expense 5,000 Revenue from consignment sales US $50,000
C. Cash US $40,000 Advertising expense 2,000 Commission expense 5,000 Freight expense 3,000 Revenue from consignment sales US $50,000
D. Cash US $40,000 Revenue from consignment sales US $50,000
Answer: A
Explanation:
ABC debits the cash received US $43,000 [$50,000 sales - $2,000 advertising -$50,000 $10) sales commission]. The advertising and commission expenses are debited for $2,000 and $5,000, respectively. Finally, US $50,000 of gross revenue is credited.