Anna works for a company that has five employees. To which type of notice or pay in lieu of noticedoes she have the option to claim if fired?
A) termination under employment standards legislation
B) severance under employment standards legislation
C) notice under the common law
D) A and C
E) All of the above
D
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Accompanying the bank statement was a debit memo for an NSF check received from a customer. What entry is required in the company's accounts?
A) debit Other Income; credit Cash B) debit Cash; credit Other Income C) debit Cash; credit Accounts Receivable D) debit Accounts Receivable; credit Cash
Identify the preposition or prepositions in the sentence. Some people left after the first act
At the end of its first month of operations, Michael's Consulting Services reported net income of $25,000. They also had account balances of: Cash, $18,000; Office Supplies, $2,000 and Accounts Receivable $10,000. The sole stockholder's total investment in exchange for common stock for this first month was $5,000. There were no dividends in the first month.Calculate the amount of total equity to be reported on the balance sheet at the end of the month.
A. $7,000 B. $30,000 C. $20,000 D. $5,000 E. $25,000
________are the increases in equity from a company's sales of products and services to customers.
Fill in the blank(s) with the appropriate word(s).