Why is it necessary to journalize transactions from the bank reconciliation? List two examples of items that need to be journalized
What will be an ideal response
The bank reconciliation is an accountant's tool separate from the journals and ledgers. It does not account for transactions in the journal. To get the transactions into the accounts, journal entries must be made and posted to the ledger. All items on the book side of the bank reconciliation require journal entries. These items include accounts or notes receivable collected by the bank, interest earned on bank balance, bank service charge, NSF checks, and EFT receipts or payments.
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Mutual funds _____.
A. are depository institutions that are owned by its depositors, who are often members of a common organization or association B. are investment companiesthat use funds provided by savers to buy various types of financial assets, including stocks and bonds, in the financial markets C. cater to savers, especially individuals who have relatively small savings or need long-term loans to purchase houses D. are organizations that distribute new issues of securities for corporations E. are groups of investment banking firms formed to spread the risk associated with the purchase and distribution of a new issue of securities
Compare and contrast the two general types of stress. Include an example of each.
What will be an ideal response?
What does the Superfund Recycling Equity Act do?
a. It exempts recyclers from liability in private-party actions under CERCLA. b. It exempts recyclers from suits brought by the state or federal government. c. It provides a 10% federal rebate for recycling expenses incurred by corporations engaged in recycling activities. d. It provides a 5% federal rebate for recycling expenses incurred by corporations engaged in recycling activities.
The two principal legal theories under which a plaintiff may prove a case of unlawful employment discrimination are disparate treatment and disparate impact
Indicate whether the statement is true or false