Although several federal laws influence record keeping, they are primarily directed at private employers.
Answer the following statement true (T) or false (F)
True
Although several federal laws influence record keeping, they are primarily directed at public employers. However, many private employers are giving employees the right to access their personnel files and to prohibit the file information from being given to others without their consent.
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When a company has performed a service but has not yet received payment, what is the required journal entry to be recorded?
A) Accounts Receivable - Debit; Service Revenue - Credit B) Service Revenue - Debit; Accounts Payable - Credit. C) Service Revenue - Debit; Accounts Receivable - Credit D) No entry is required until the cash is received.
Explain how to account for available-for-sale debt securities at and after acquisition and how they are reported in financial statements.
What will be an ideal response?
The following information relates to RAM Corporation: Accounts receivable $160,000 Total credit sales $2,500,000 Accounts payable $220,000 What is RAM's receivables collection period (DSO)? In your computations, assume there are 360 days in a year.
A. 23.04 days B. 21.56 days C. 15.62 days D. 22.50 days E. 160.00 days
The 4 Ms include all of the following except?
a. Material b. Machine c. Methods d. Manufacturing