Which of the following is the entity or agent?
A. client
B. client number
C. client name
D. client street address
Answer: A
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Under a perpetual inventory system, the sale of a manufactured product requires an entry
a. debiting Cost of Goods Sold and crediting Finished Goods. b. debiting Cost of Goods Sold and crediting Work in Process. c. debiting Finished Goods and crediting Work in Process. d. debiting Finished Goods and crediting Cost of Goods Sold.
For the year ended December 31, a company had revenues of $187,000 and expenses of $109,000. The owner withdrew $37,000 during the year. Which of the following entries could not be a closing entry?
A. Debit Income Summary $109,000, credit expenses $109,000. B. Debit Income Summary $187,000; credit revenues $187,000. C. Debit Owner's Capital $37,000; credit Owner Withdrawals $37,000. D. Debit revenues $187,000; credit Income Summary $187,000. E. Debit Income Summary $78,000; credit Owner's, Capital $78,000.
Performance measurement is the use of both quantitative and qualitative tools to gauge an organization's performance in relation to a specific goal or an expected outcome
Indicate whether the statement is true or false
Which of the following concepts relates to how pay rates differ across individuals?
A. pay inequity B. pay dispersion C. pay perception D. pay priority