Hiring an unpaid intern is considered illegal if:
a. the employer provides a minimum wage and overtime pay.
b. the internship is solely for the benefit of the intern’s education.
c. the employer benefits from the arrangement.
d. the intern receives academic credit from an educational institution.
c. the employer benefits from the arrangement.
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To understand accounting information, users must be familiar with the accounting conventions, or rules of thumb, used in preparing financial statements
Indicate whether the statement is true or false
New brands or products need a very high level of reach
A. since they have low brand and category development indices. B. because they have an associated problem of overexposure. C. to facilitate continuity scheduling. D. to make all potential buyers aware of the new entry. E. in order to minimize the waste coverage.
Under the Registry system Peter and Marisa are neighbours. The only access to Marisa's property is through a lane running along the full length of Peter's property
Marisa has been using this lane to enter her property before Peter became the owner of the property. Which of the following is TRUE? A) Marisa is a tenant at will. B) Marisa has been given a licence by Peter to enter on his land C) Marisa has acquired possessory rights over Peter's land D) Peter's land is subject to a restrictive covenant in favour of Marisa E) Marisa has an easement over Peter's property
On September 1, Year 1, Gomez Company collected $12,600 in advance from a customer for services to be provided over a one-year period beginning on that date. How much revenue would Gomez Company report related to this contract on its income statement for the year ended December 31, Year 1? How much would the company report as net cash flows from operating activities for Year 1?
A. $4200; $4200 B. $0; $12,600 C. $4200; $12,600 D. $12,600; $12,600