Scheduling is the process by which you plan the use of your time and set deadlines for completing tasks
Indicate whether the statement is true or false
T
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Which of the following is a correct statement relating to the concept of mutual agency and the corporate form of business?
A) There is no mutual agency with the corporate form of business. B) Mutual agency may or may not exist in a corporation, depending on the individual state law. C) Mutual agency always exists in the corporate form of business. D) Mutual agency may or may not exist in a corporation, depending on a vote by the shareholders.
Current accounting practice takes the viewpoint of shareholders by reporting the amount of net income available to shareholders after subtracting from revenues all expenses incurred in generating the revenue by claimants (for example, employees, lenders, governments) other than shareholders
Indicate whether the statement is true or false
Suppose a company received a $2,500 utility bill for the month of March but has not yet recorded the transaction or paid the bill. What adjusting entry is necessary at March 31?
A) Utilities Expense 2,500Utilities Payable 2,500 B) Utilities Expense 2,500Cash 2,500 C) Utilities Payable 2,500Utilities Expense 2,500 D) No Entry
In most appealed cases, a trial court's decision is affirmed.
Answer the following statement true (T) or false (F)