Cash equivalents are:
A) very liquid and carry high risk.
B) not liquid and carry little risk.
C) very liquid and carry little risk.
D) not liquid and carry high risk.
C) very liquid and carry little risk.
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Figure APC-2 is the condensed worksheet for the Christopher Company as of December 31, 2014.Additional Information:
a.Prepaid Insurance is for a two-year fire insurance policy dated July 1, 2014.b.The ending inventory amounts to $76.c.The building is being depreciated over a ten-year life, straight-line, no salvage value.d.The balance in Unearned Repair Service Revenue pertains to a contract sold on November 1, 2014, to provide service to a client for one year.e.Office supplies on hand at year-end amount to $14.f.At year-end, there are accrued salaries of $6.g.Consulting Revenue includes a contract for $60 received on October 1, 2014, for a one-year period of time.h.The tax rate is 50%.Required:Complete the worksheet, assuming that adjusting entries are made only at December 31.
What will be an ideal response?
After George presented his proposal to the board of directors, he asked if there was anything they did not understand. George was performing the fourth stage of the communication process, which is ______.
a. feedback b. active listening c. confirmation d. participation
Due to resource constraints, the use of teams for supplier evaluation and selection is decreasing
a. True b. False Indicate whether the statement is true or false
The federal income tax law allows individuals whose property is destroyed by a natural disaster such as a fire or hurricane to reduce their taxable income by the amount of their financial loss. This rule is intended to improve the:
A. Efficiency of the tax B. Horizontal equity of the tax C. Convenience of the tax D. Vertical equity of the tax