The Other Accounts column in the Cash Receipts journal is used for recording debits to any account for which there is no special debit column
Indicate whether the statement is true or false
False
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Which of the following disconfirming responses fails to acknowledge the messages of the other person?
A. impersonal B. interrupting C. tangential D. impervious
The direct method for the preparation of the operating activities section of the statement of cash flows:
A. Reports adjustments to reconcile net income to net cash provided or used by operating activities in the statement. B. Separately lists each major item of operating cash receipts and cash payments. C. Is required if the company is a merchandiser. D. Reports a different amount of cash flows from operations than if the indirect method is used. E. Is required by the FASB.
If the assignee fails to provide notice of assignment to the obligor and the obligor continues to render performance to the assignor, the assignee can sue the obligor
Indicate whether the statement is true or false
The time that employees work that is longer than the regular workday or workweek for which they receive additional pay is:
A) slack time. B) premium. C) overtime. D) the workweek.