A patient has a physical examination and asks the bookkeeper to mail the bill. The bookkeeper should
A) make no entry until the cash is received
B) Cash, debit; Accounts Receivable, credit
C) Cash, debit; Fees Earned, credit
D) Accounts Receivable, debit; Fees Earned, credit
D
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Indicate whether the statement is true or false.
The reasons for the relative changes in labor costs include compensation, productivity, and __________.
Fill in the blank(s) with the appropriate word(s).
Double taxation is a disadvantage of a corporation because the same party has to pay taxes twice on the income
Indicate whether the statement is true or false
Marlon intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale
In the contract, Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed. The contract also stipulates that Marlon will not hire another broker to sell that piece of land until the contract period expires. Nita finds a suitable buyer, makes the sale in time, and is paid by Marlon for her services. Which of the following types of agency existed between Marlon and Nita? A) apparent agency B) agency by ratification C) implied agency D) express agency