Which of the following accounts is not included in the calculation of net income?
A. Cash.
B. Rent expense.
C. Wages expense.
D. Rent revenue.
E. Services revenue.
Answer: A
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Which of the following shows when employees are at work, may be maintained near the entrance of the workplace and take the physical form of cards?
a. attendance time records b. job time records c. payroll contribution notice d. none of the above
Two accounting principles central to accrual accounting basis that are relied on in the adjusting process are:
A. Expense recognition (matching) and cost. B. Expense recognition (matching) and business entity. C. Revenue recognition and Expense recognition (matching). D. Revenue recognition and going-concern. E. Revenue recognition and monetary unit.
A common statutory restriction is reported on the income statement; whereas a common contractual restriction is reported in the stockholders' equity section of the balance sheet.
Answer the following statement true (T) or false (F)
Alliances can help partners control ______ because they imply that two or more organizations work together and share, for example, investment in crucial technologies.
a. Risk b. Employees c. Infrastructure d. Technology