If your supervising attorney wanted to expand his wills and estate practice to include elder law, what types of work might you find yourself doing?
What will be an ideal response?
Answers will vary, but good answers will include drafting wills, trusts, powers of attorney, living wills, health care documents, etc. Also, the paralegal will be involved in estate administration, preparing and filing documents after the death of a person/client.
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ERP system implementation failures are often caused by lack of attention to the business processes and the ________ components
A) interrelated B) hardware C) software D) database E) people
A physical count of supplies on hand at the end of May for Masters, Inc. indicated $1,250 of supplies on hand. The general ledger balance before any adjustment is $2,100. What is the adjusting entry for office supplies that should be recorded on May 31?
A. Debit Prepaid Supplies $850 and credit Supplies Expense $850. B. Debit Supplies Expense $850 and credit Supplies $850. C. Debit Supplies Expense $1,250 and credit Supplies $2,100. D. Debit Supplies Expense $1,250 and credit Supplies $1,250. E. Debit Supplies $1,250 and credit Cash $1,250.
An auditor has identified numerous debits to accumulated depreciation of equipment. Which of the following is most likely?
A. The estimated remaining useful lives of equipment were increased. B. Plant assets were retired during the year. C. Overhead allocations were revised at year-end. D. The prior year's depreciation expense was erroneously understated.
Dividends on different classes of capital stock should be accounted for separately.
Answer the following statement true (T) or false (F)