A nonprofit accountant is writing a comment explaining extenuating circumstances related to data reported in a statement of activities. The accountant is completing which type of financial statement?
A. addendum
B. required disclosures
C. notes to the financial statements
D. statement of functional expenses
C. notes to the financial statements
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This question contains several parts; be sure to answer all of them. First, describe three nonmonetary ways of compensating and retaining employees. Second, imagine that you manage a small appliance store where salespeople are paid an hourly wage with no bonus or additional compensation. Recently, a big-box store has been luring away your best people by offering them not only a higher hourly wage, but also pay for performance (based on their sales). List and explain at least three ways to improve your employee retention.
What will be an ideal response?
An agency cannot be set up to terminate upon the occurrence of an event outside the control of
the agent or principal. Indicate whether the statement is true or false
The incentive system is also called the retainer method.
Answer the following statement true (T) or false (F)
Mohr Company purchases a machine at the beginning of the year at a cost of $24,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $4,000 salvage value. The book value of the machine at the end of year 2 is:
A. $20,000. B. $8,000. C. $4,000. D. $16,000. E. $12,000.