Different accounting methods can cause some ratios to differ substantially
Indicate whether the statement is true or false
T
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Before the fall term began, professors at Hillview College were required to fill out numerous forms, including performance objectives, surveys, and lists of their summer contacts with prospective students. Many professors complained that their time would be better spent preparing for their courses. This situation is an example of which barrier to successful control?
A. overemphasis on paperwork B. overemphasis on one instead of multiple approaches C. too much control D. overemphasis on means instead of ends E. too much flexibility
Preventive controls are passive techniques designed to reduce fraud
Indicate whether the statement is true or false
Harper Company lends Hewell Company $40,000 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financial statements on March 31. What adjusting entry should be made before the financial statements can be prepared?
A) Cash 200Interest Revenue 200 B) Interest Receivable 800Interest Revenue 800 C) Interest Receivable 200Interest Revenue 200 D) Note Receivable 40,000Cash 40,000
What is a social enterprise?
What will be an ideal response?