Companies that process credit cards are often referred to as providing merchant services. Perform an Internet search using the search terms “credit card merchant services” or “credit card processing services.” Each member of the team should identify one company or bank that offers credit card services. In a table, compare and contrast the different companies. Some items that you could review would be price/ fees, fraud services provided types of credit cards accepted, whether the service works on the Internet and with POS (point of sale) swipe machines, and how many days it takes to process the credit card transactions. As a team, decide which company would be would be best to use and explain why.
Answer to relevant QuestionsWhat are plant assets? Provide some examples. How is discarding of a plant asset different from selling a plant asset? How is the purchase of a held-to-maturity debt security at face value recorded? Curtis, Inc. is facing a potential lawsuit. Curtis’s lawyers think that it is reasonably possible that it will lose the lawsuit. How should Curtis report this lawsuit?What is the carrying amount of a bond?
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