When an expense is incurred prior to the payment of cash for that expense, an adjustment that increases an expense account and decreases an asset is prepared
a. True
b. False
Indicate whether the statement is true or false
False
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A company that is leveraged is one that
a. contains debt financing. b. contains equity financing. c. has a high earnings per share. d. has minimized its risk of loss by acquiring a portfolio of investments.
Which of the following is NOT a reason why some organizations have policies regarding romance at work?
a. Sexuality at work detracts from productivity. b. Romance can trigger questions about fairness and favoritism. c. Romantic relationships between managers and their employees are considered, by law, to be sexual harassment. d. Romance can disrupt team cohesiveness.
If the exporter believes the political and commercial risks are not sufficient to require a letter of credit, the exporter may agree to payment on a ______ draft basis, which is less costly to the buyer.
Fill in the blank(s) with the appropriate word(s).
To run with the land, a restrictive covenant must involve promises that are enforceable under the law of contracts
a. True b. False Indicate whether the statement is true or false