Which of the following is NOT a possible way to commit fraud by using a payroll scheme?
a. overstating expenses.
b. falsifying hours worked.
c. creating ghost employees.
d. producing false worker compensation claim.
a
FEEDBACK: a. Correct. This is an expense scheme.
b. Incorrect.
c. Incorrect.
d. Incorrect.
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On October 1, Vista View Company rented warehouse space to a tenant for $2,500 per month. The tenant paid five months' rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company's annual accounting period ends on December 31. The adjusting entry needed on December 31 is:
A. Debit Unearned Rent, $7,500; credit Rent Earned, $7,500. B. Debit Rent Receivable, $7,500; credit Rent Earned, $7,500. C. Debit Rent Receivable, $12,500; credit Rent Earned, $12,500. D. Debit Unearned Rent, $12,500; credit Rent Earned, $12,500. E. Debit Unearned Rent, $5,000; credit Rent Earned, $5,000.
The "embrace the other party's approach" strategy involves
A. both parties making mutual adjustments to find a common process for negotiation. B. creating a new approach that may include aspects of either home culture or practices from a third culture. C. persuading the other party to use your approach. D. adopting completely the approach of the other party.
Provision of services qualifies as consideration for an enforceable contract.
Answer the following statement true (T) or false (F)
What are the factors that influence whether or not personal selling will be effective? Provide examples of each factor.
What will be an ideal response?