On the balance sheet, any account having a balance intended to be deducted from another related account balance for financial statement purposes is known as a(n)
a. expense account.
b. discount account.
c. contra account.
d. uncollectible account.
c
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Which of the following represents the correct journal entry to record a taxable cash sale of $880 if the sales tax rate is 5%?
A. A debit to cash for $880, a credit to sales tax payable for $44, and a credit to sales revenue for $836. B. A debit to cash for $924, a debit to sales tax expense for $44, and a credit to sales revenue for $880. C. A debit to cash for $924, a credit to sales tax payable for $44, and a credit to sales revenue for $880. D. None of these answer choices are correct.
An experiment is an activity that results in one of several possible outcomes
Indicate whether this statement is true or false.
Kevin is the chief architect of a construction company. In order to maintain efficiency, he talks to the workers to understand what they do, why, and how. He ensures that he uses a standard format to record his observations. This technique helps him restrict all questions and responses to job-related topics. More importantly, this technique allows him to compare what different people are saying about the job in question. Which of the following job analysis methods is exemplified in this scenario?
A. Interview B. Observation C. Critical incidents D. Job performance
All of the following statements about competency models are true EXCEPT that:
A. their focus is on the full range of knowledge, skills, abilities, and other characteristics that are needed for effective performance on a job and that characterize exceptional performers. B. their level of rigor and documentation are more likely to enable them to withstand the close scrutiny of a legal challenge. C. they attempt to identify variables related to overall organizational fit. D. they attempt to identify personality characteristics consistent with an organization's vision.