What should you do if someone asks an irrelevant question?
a. Pretend you didn’t hear them.
b. Reframe the question to focus on your goal.
c. Answer the question.
d. Tell them it was irrelevant.
b. Reframe the question to focus on your goal.
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Based on the unadjusted trial balance for Highlight Styling and the adjusting information given below, prepare the adjusting journal entries for Highlight Styling.Highlight Stylings' unadjusted trial balance for the current year follows:Highlight StylingTrial BalanceDecember 31Cash…………………………………………………. $ 2,200?Prepaid insurance …………………………………...1,680?Shop supplies .............................................................790?Shop equipment …………………………………….3,860?Accumulated depreciation-shop equipment ……….. ? $ 770Building……………………………………………...59,500?Accumulated depreciation-building………………..?3,840Land
………………….55,000?Unearned rent………………………………………..?2,600Long-term notes payable…………………………….?50,000Common stock ……………………………….?40,000Retained earnings ……………………………….?8,860Rent earned ………………………………………….?2,400Fees earned ………………………………………….?23,400Wages expense ……………………………………...3,200?Utilities expense ……………………………………690?Property taxes expense …………………………….600?Interest expense ……………………………………4,350________Totals ………………………………………………..$131,870 $131,870Additional information:a. An insurance policy examination showed $1,040 of expired insurance.b. An inventory count showed $210 of unused shop supplies still available.c. Depreciation expense on shop equipment, $350.d. Depreciation expense on the building, $2,020.e. A beautician is behind on space rental payments, and this $200 of accrued revenues was unrecorded at the time the trial balance was prepared.f. $800 of the Unearned Rent account balance was still unearned by year-end.g. The one employee, a receptionist, works a five-day workweek at $50 per day. The employee was paid last week but has worked four days this week for which she has not been paid.h. Three months' property taxes, totaling $450, have accrued. This additional amount of property taxes expense has not been recorded.i. One month's interest on the note payable, $600, has accrued but is unrecorded. What will be an ideal response?
All of the following statements about patents are true except:
A. it is more difficult to obtain a copyright than it is to obtain a patent. B. the four types of inventions protected by patent law are machines, manmade products, compositions of matter, and processing methods. C. computer programs can be patented. D. in order to be patented, an invention must be nonobvious.
Helen feels that it is possible for a trained monkey to do the jobs of her workers. Which researcher’s viewpoint is she espousing?
A) Max Hawthorne B) Chester Barnard C) Frederick Taylor D) Abraham Maslow
International financial reporting standards (IFRS):
a. Will become much more important in the United States and globally. b. Are allowed by the SEC for foreign registrants in the U.S. c. Are currently required in Europe and other countries. d. All of these are correct.