Use the information below to answer the following question(s):Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts.Increase = I Decrease = D No Effect = NAGable Company collected a receivable due from a credit card transaction company; the credit card fee had previously been recognized when the sale was recorded. Show the effect of the collection of the receivable on Gables financial statements.
What will be an ideal response?
(NA) (NA) (NA) (NA) (NA) (NA) (I)
The collection from the credit card company will increase assets (cash) and decrease assets (accounts receivable-credit card company), resulting in no net effect on assets. It is reported as a cash inflow for operating activities on the statement of cash flows.
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The tort of false imprisonment protects:
A. only the freedom of movement. B. mental and physical interests. C. only the freedom from knowledge of confinement. D. the right to life.
Explain the concept of procedural justice and its importance to ethical and moral leadership.
What will be an ideal response?
A social contract restricts the right to privacy by preventing people from infringing on someone else's right to his or her personal autonomy.
Answer the following statement true (T) or false (F)
As data input functions are automated, Intranet data becomes more
a. complicated to access. b. manufacturing, but not accounting, oriented. c. real-time accessible. d. expensive to install, but easier to use.