Which of the following accounts could not be credited in an adjusting entry?
A) Service Revenue
B) Prepaid Rent
C) Office Supplies
D) Interest Receivable
D
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Answer the following statements true (T) or false (F)
1. Research studies indicate managers who want to keep volunteers should provide them work deadlines. 2. A volunteer raised $100,000 for a nonprofit organization. The organization paid the volunteer a 10% commission as a reward for his efforts. Paying the volunteer a commission was a legal action. 3. Federal employment laws do not apply to nonprofit staff. 4. Nonprofit organizations may be held liable for discriminatory practices applied by outsourced suppliers. 5. Frederick Taylor’s theory emphasizes procedures with people operating as machines.
The discovery of ethics began with discussions initiated by all of the following individuals except
a. Socrates b. Aristotle c. Plato d. Napoleon
Which of the following is true of the relationship between partners?
A) In most general partnerships, each partner has two votes in decisions pertaining to the management of the business. B) Each partner should have a fiduciary relationship with the partnership. C) Decisions pertaining to merging with another partnership should never be decided by a unanimous vote. D) The duty of loyalty and a duty of good faith and fair dealings by partners are established by the Uniform Partnership Act.
The ____________________ is a short synopsis of the important ideas, observations, problems, and conclusions contained in your report.
Fill in the blank(s) with the appropriate word(s).