What type of account is Prepaid Rent, and what is its normal balance?
A) It is an expense account and has a debit balance.
B) It is a liability account and has a credit balance.
C) It is a revenue account and has a credit balance.
D) It is an asset account and has a debit balance.
D
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Scenario C. Creekside Robotics Corp. provides free lunch to its employees every day. The work environment is informal and friendly, which allows everyone to get to know each other. The company also holds a recreational event the last weekend of every month. Although the employees are all satisfied with these practices, the company implements a new incentive scheme to give cash rewards to employees who perform well. The company's goal is to keep its employees motivated.By implementing a new incentive system for employees who perform well, Creekside Robotics Corp. is satisfying the employees' ________ needs.
A. security B. physiological C. self-actualization D. ego E. social
In auditing equity accounts, the auditor primarily focuses on which of the following two assertions?
a. Valuation and completeness. b. Valuation and existence. c. Presentation and disclosure and valuation. d. Presentation and disclosure and completeness.
Whistle Cabs, a taxi service company, has been ordered by the traffic department to update its taximeters to digital ones. Whistle Cabs decides to contract with Running Electricals, who provides digital taximeters
But to acquire it on such short notice, Whistle Cabs approaches Goldmint Bank. Goldmint Bank purchases the taximeters and delivers them to Whistle Cabs. The contract with Goldmint Bank allows the taxi service company to use the taximeters for a period of time by providing monthly rentals until that period is completed. What is the nature of the contract made between Goldmint, Whistle Cab, and Running Electricals? A) counteroffer B) lease C) sale of goods D) option contract
During the ________ ________ stage, the firm tests not only the product itself but also the marketing strategy related to it.
Fill in the blank(s) with the appropriate word(s).