When a company receives payment from a customer whose account was previously written off, the customer's account should be reinstated.
Answer the following statement true (T) or false (F)
True
The account receivable is reinstated because a complete record of the customer's payment history may be useful if the customer requests credit again at some future date.
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If the balance on the bank statement does not equal the balance per the company's records, then it can be assumed that:
A) The company has no errors in its records concerning the cash account. B) The bank has made errors in preparing the bank statement. C) The company has made errors in its records concerning the cash account. D) There will be items reconciling the difference.
A restaurant is faced with the challenge of communicating to its employees a significant change in service and style. Which method is LEAST effective for communicating this change?
a. Inform employees directly that they must accept the change. b. Emphasize reasons the changes were made. c. Explain the employees' important role in implementing the change. d. Emphasize the benefits employees gain from the change.
The U.S. Department of Health and Human Services (HHS) was founded in 1980. All of the following subagencies are within HHS except? A) the Centers for Medicare and Medicaid Services
B) the Food and Drug Administration. C) the Veterans Health Administration. D) the Centers for Disease Control.
Charting is the technique of
A) plotting the performance of a security over time. B) sorting through databases of securities to select one based on certain parameters. C) monitoring a stock based on the underlying economic conditions. D) determining the amount of money that must be saved based on a given financial goal.