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Test Bank For College Accounting 14th Edition Price Haddock Farina ISBN 0077862392 9780077862398
Test Bank For College Accounting 14th Edition Price Haddock Farina ISBN 0077862392 9780077862398
Test Bank For College Accounting 14th Edition Price Haddock Farina ISBN 0077862392 9780077862398
1. The entire process of analyzing, recording, and reporting business transactions is based on
True False
2. When using the fundamental accounting equation, an accountant must make sure that total
True False
3. Assets always equal debts of the business plus the financial interest of the owner.
True False
4. When cash is paid to a creditor, the firm's liabilities
5. Al Dunn Bakery bought a new oven for $1,380. Al paid $300 as a cash down payment and will
True False
2-1
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
6. If the owner takes cash out of the business for personal use, the withdrawal should be recorded
True False
7. When cash is collected from accounts receivable, the total amount of assets
8. A company has assets of $56,320 and liabilities of $29,500. The owner's equity is
10. A double line drawn under the figures in a money column shows that the computation is
complete.
True False
12. If there is an excess of expenses over revenues, the excess represents a profit.
True False
2-2
Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of
McGraw-Hill Education.
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or the 108th Regiment which wore the same coloured uniform. “They
seem to be sharp, ready fellows,” he added, “and the fact ought to be
mentioned in the newspapers.”
On the following night we were awakened several times by the
steady tramp of infantry and the rumbling of heavy wheels as they rolled
over the rough pavement. We heard next morning that they were
Hessians. The Minister started shortly after 4 . ., intending to proceed
towards Metz, where an important battle was expected either that day or
the next. As it appeared probable that I should have little to do I availed
myself of the opportunity to take a walk in the environs with Willisch.
Going up stream we came upon a pontoon bridge erected by the Saxons,
who had collected there a large number of conveyances, amongst others
some carts from villages near Dresden. We swam across the clear deep
river and back again.
On returning to the bureau in the Rue Raugraf we found that the
Chancellor had not yet arrived. We had news, however, of the battle
which had been fought the day before to the west of Metz. There were
heavy losses on our side, and it was only with great difficulty that
Bazaine was prevented from breaking through our lines. It was
understood that the village of Mars la Tour was the point at which the
conflict had raged most violently. The leaden rain of the chassepots was
literally like a hailstorm. One of the cuirassier regiments, we were told,
with the exaggeration which is not unusual in such cases, was almost
utterly destroyed and the dragoon guards had also suffered severely. Not
a single division escaped without heavy losses. To-day, however, we had
superior numbers as the French had had yesterday, and if the latter
attempted another sortie we might expect to be victorious.
It did not, however, appear certain, and we were accordingly
somewhat uneasy. We could not sit still or think steadily, and, as in fever,
we were oppressed by the same ideas, which returned again and again.
We walked to the market and then to the bridge, where we saw the
wounded, who were now gradually coming in, those with light injuries
on foot and the others in ambulance cars. On the road towards Metz we
met a batch of over 120 prisoners. They were for the most part small,
poor-looking specimens; but there were also amongst them some tall,
broad-shouldered fellows from the guards, who could be recognised by
the white facings of their tunics. Then once more to the market-place and
around the garden behind the house, where a dog lies buried under a
tombstone with the following touching inscription:—
G A .
Ici tu gis, ma vieille amie,
Tu n’es donc plus pour mes vieux jours.
O toi, ma Diane chérie,
Je te pleurerai toujours.