Which of the following is a business event that is not considered a recordable transaction?
A) A company receives a product previously ordered.
B) A company pays an employee for work performed.
C) A customer inquires about the availability of a service.
D) A customer purchases a service.
C
You might also like to view...
Indicate whether the following error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. The adjustment for accrued fees of $1,170 was journalized as a debit to Accounts Receivable for $1,170 and a credit to Fees Earned for $1,107
John while driving along a major highway, fell asleep at the wheel causing his motor vehicle to get out of control and seriously injure Toby who was also driving on the highway. Which of the following types of law will likely come into play?
A) regulatory law B) administrative law C) private law D) A and C E) A and B 2. Which of the following is NOT a recognized goal of class action lawsuits? A) to allow for greater efficiencies in the justice system B) to allow plaintiffs to share legal costs C) to allow plaintiffs to recover higher awards of damages D) to allow more litigants to have access to justice E) to deter potential wrongdoers.
Mona offers Ned, a building inspector, $5,000 to overlook the violations in her new warehouse. Ned accepts the cash and overlooks the violations. Mona is charged with the crime of bribery. The crime occurred when
a. Mona decided to offer the bribe. b. Mona offered the bribe. c. Ned accepted the bribe. d. Ned overlooked the violations.
Glassworx Corporation has exclusive control over the mar¬ket for its products. Under antitrust law, this is
a. aper se violation. b. a violation if it acquired this power through "business judgment.". c. a violation if it acquired this power through "anticompetitive means.". d. not a violation.