Pikabo files an employment discrimination suit against Quantitative Analysis, Inc., under the Civil Rights Act of 1964, based on its discharge of Pikabo. Possible relief includes
A. imprisonment.
B. reinstatement.
C. fines.
D. an order to shutdown the employer's business.
Answer: B
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The original and most widespread form of video game advertising is to have a brand placement in the game
Indicate whether the statement is true or false
A company decides to ignore a very small error in its inventory balance. This is an example of the application of the ________.
A) conservatism B) materiality concept C) disclosure principle D) consistency principle
Which statement is true?
a. Management is always reluctant to write down asset values. b. Intangible assets do not require effective controls because they have low inherent risk. c. Complex ownership structures may create challenges in the recording of assets. d. The incomplete recording of asset disposals understates the asset balance.
Franklin Company's bank reconciliation as of August 31 is shown below. Bank balance $14,237 Book balance $13,162 + Deposit in transit 4,500 Bank service fees -50 - Outstanding checks -3,900 Note collected 1,725 Adjusted bank balance $14,837 Adjusted book balance $14,837 The adjusting journal entries that Clayborn must record as a result of the bank reconciliation include:
A. Debit Cash $4,500; credit Sales $4,500. B. Debit Misc. Expense $3,900; credit Cash $3,900. C. Debit Cash $1,725; credit Notes Receivable $1,725. D. Debit Notes Receivable $1,725; credit Cash $1,725. E. Debit Cash $50; credit Bank Service Fee Expense $50.