Which of the following business types dominates by the amount of business transacted?
A) Partnerships
B) Proprietorships
C) Corporations
D) Government entities
C) Corporations
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Which of the following situations does not require an adjusting entry at the end of May?
a. At the end of May, Bolton Industries pays the custodian for May office cleaning services. b. On May 1, Bolton Industries paid rent for six months on its office building. c. On May 1, Bolton Industries began delivery service to a client who will pay at the end of a three-month period. d. On May 1, Bolton Industries purchased delivery equipment with an estimated useful life of six years.
Which of the following is not considered an ethical issue in accounting?
A) Biased financial statement presentation B) Accelerated revenue recognition C) Earnings manipulation D) Industry practices
Which of the following is a required statement for a governmental hospital?
A. Statement of Functional Expense. B. Statement of Cash Flows. C. Statement of Revenues and Expenditures. D. Statement of Changes in Fund Balance.
In 2009, Mercury Marine, an outboard motor manufacturer, threatened to close their plant in Fond du Lac, WI and move to a nonunionized location in Oklahoma. This threat caused the union workers to vote to accept a contract with major concessions, including a 30% decrease in pay for newly hired workers and workers returning from layoff. This strategy could best be described as a:
A. forcing strategy B. fostering strategy C. escape strategy D. acceptance strategy