Convert the percent to a decimal: 192%
1.92
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In reconciling a bank statement, it was discovered that an ATM withdrawal by the owner had not been recorded. He used the cash for personal purposes. The journal entry for this transaction would
a. credit Cash and debit Miscellaneous Expense; b. debit Owner's Expense and credit Drawing; c. debit Owner's Account Receivable and credit Cash; d. debit Drawing and credit Cash; e. debit Owner's Capital and credit Cash.
Like the income statement, the statement of owner's equity, and the balance sheet, the work sheet is a formal report of the business
Indicate whether the statement is true or false
Partners have a duty to account for any expenditure of partnership funds they make.
Answer the following statement true (T) or false (F)
Leslie in as administrative manager with a number of exciting new ideas about how to change organizational procedures and run the company more efficiently. However, she soon ran into opposition from company leadership, who insisted that she stick with policies adopted several decades earlier. This indicates a low degree of ________, which limits Leslie's ability to influence others.
A. centrality B. substitutability C. discretion D. power E. visibility