Zoe's loan of her lawnmower to her neighbor cannot be a bailment if Zoe receives no compensation for the use
Indicate whether the statement is true or false
False
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In December 2020, Quebecor Printing received magazine subscriptions for 2021 from customers, who paid $500 in cash. What would be the appropriate journal entry for this event in December 2020?
A. Debit Subscription Revenue, $500; credit Cash, $500. B. Debit Cash, $500; credit Deferred Revenue, $500. C. Debit Cash, $500; credit Subscription Revenue, $500. D. No journal entry is necessary.
Which of the following statements is true?
a. Gap analysis is a tool that can help identify and prioritize necessary changes in a cost management system(CMS). b. Gap analysis assesses differences between the CMS an organization presently has and the one they would like to have. c. In many cases, system gaps cannot be eliminated in the short run. d. All of the above statements are true.
Evaluating and rewarding managers based on absorption costing income can lead to overproduction.
Answer the following statement true (T) or false (F)
Under the Clean Water Act, criminal penalties apply whether a violation was intentional or unintentional
Indicate whether the statement is true or false