Vela and other farmers in Washington County form a business organization to provide, without profit, an economic service to its members. This is
A. a business trust.
B. a cooperative.
C. a corporation.
D. a joint stock company.
Answer: B
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Which of the following would be a case where an event as a transaction is not supported by a source document?
a. a purchase of inventory on credit b. a cash sale c. the financial consequences of a fire loss d. recording payroll
Duplication of efforts may arise if communication fails between projects is a disadvantage of the matrix structure
Indicate whether the statement is true or false
In a statement of cash flows prepared by the indirect method, an increase in accounts receivable should be
A. deducted from net income in the operating activities section. B. added to net income in the operating activities section. C. reported as an inflow in the investing activities section. D. reported as an inflow in the financing activities section.
Explain the Title VII requirements on affirmative action, and identify three sources of affirmative action programs