As long as the same person deposits customer checks and records the deposits into the journal, there will be good internal control over cash receipts
Indicate whether the statement is true or false
FALSE
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Monro Inc. uses the accrual method of accounting. Here is a reconciliation of Monro's allowance for bad debts for the current year.Beginning allowance for bad debts?$ 61,150??Actual write-offs of accounts receivable during the year?(80,000)?Addition to allowance? 88,500??Ending allowance for bad debts?$ 69,650???Which of the following statements is true?
A. Bad debt expense per books is $88,500, and the deduction for bad debts is $80,000. B. Bad debt expense per books is $80,000, and the deduction for bad debts is $88,500. C. Bad debt expense per books and the deduction for bad debts is $88,500. D. Bad debt expense per books and the deduction for bad debts is $69,650.
Complete the following table:
Which of the following is NOT a reason why some organizations have policies regarding romance at work?
a. Sexuality at work detracts from productivity. b. Romance can trigger questions about fairness and favoritism. c. Romantic relationships between managers and their employees are considered, by law, to be sexual harassment. d. Romance can disrupt team cohesiveness.
Describe and discuss the purpose and activities of lobbyists
What will be an ideal response?