Vesting means that employees have a claim to a portion of the retirement money that has been reserved for them upon retirement
Indicate whether the statement is true or false.
Answer: TRUE
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An auditor should compare the unaudited financial statements with both past results and industry trends to gain an indication about the possibility of fraud
a. True b. False Indicate whether the statement is true or false
Which of the following is a suggested way to keep track of notes for a speech?
a. In a notebook b. On your phone c. On scratch paper d. It is not advisable to keep track of notes for a speech.
Which of the following is the best example of a company promoting sustainability?
A) a company adopting a code of marketing ethics B) a company contributing a portion of revenues to a specific nonprofit organization C) a company making its products out of recycled materials D) a company making special efforts to hire a multiculturally diverse staff E) a company using the social marketing concept
Wiley Consulting purchased $8700 worth of supplies and paid cash immediately. Which of the following general journal entries will Wiley Consulting make to record this transaction? Assume the company's policy is to initially record prepaid and unearned items in balance sheet accounts.
A.
| Cash | 8700? | |
| Supplies | 8700? |
B.
| Supplies | 8700? | |
| Accounts Payable | 8700? |
C.
| Supplies Expense | 8700? | |
| Accounts Payable | 8700? |
D.
| Accounts Payable | 8700? | |
| Supplies | 8700? |
E.
| Supplies | 8700? | |
| Cash | 8700? |