A supervisor's rating of an employee's attitude is classified as an objective measure of performance.
Answer the following statement true (T) or false (F)
False
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The data below is for Benton Corporation for 2015. Accounts Receivable—January 1, 2015 $334,000 Credit sales during 2015 850,000 Collections from credit customers during 2015 725,000 Customer accounts written off as uncollectible during 2015 Allowance for Doubtful Accounts [Credit Balance] (After write-off of uncollectible accounts) 12,000 1,700 Estimated uncollectible accounts based on an
aging analysis 13,200 Refer to the data for Benton Corporation. What is the balance of Accounts Receivable at December 31, 2015? a. $209,000 b. $225,000 c. $447,000 d. $459,000
Answer the following statements true (T) or false (F)
1. Profits and losses in a partnership must be shared based on each partner's capital balances. 2. If the partnership agreement specifies a method for sharing profits but not losses, then losses are shared the same way as profits. 3. The sum (or total) of the net income (loss) allocated to each partner should always equal the total net income (loss) of the partnership. 4. The withdrawal accounts of a partnership are closed at the end of the period, as they are for a sole proprietorship. 5. Like a sole proprietorship's statement of owner's equity, the statement of partners' equity will show all the partners'capital accounts as one account.
Linkletter obtained a five-year sublease and paid $25,000 to the current tenant on January 1, 20X1. The entry to record the transaction is:
A) Leasehold 25,000 Cash 25,000 B) Lease Expense 25,000 Cash 25,000 C) Leasehold 20,000Lease Expense 5,000Cash 25,000 D) Leasehold 5,000 Cash 5,000
Scarlette is developing appropriate presentation visuals for an upcoming workshop. Which of the following is a limitation of using an electronic presentation?
a. It can lead to poor delivery if misused. b. It is not easily updated. c. It reduces audience attention on the topic. d. It requires highly developed skills.