The term "accrual" describes an earnings event that is recognized before cash is received or paid.
Answer the following statement true (T) or false (F)
True
Accruals involve events such as earning revenue on account and incurring expense on account, in which earnings is affected before cash is received or paid.
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During May, Aniston, Inc purchased office supplies for cash. The supplies will be used in June. What effect does this purchase transaction have on the accounting equation?
a. Assets increase and stockholders' equity decreases. b. Assets increase and liabilities increase. c. Assets decrease and liabilities decrease. d. There is no effect on the accounting equation as one asset account increases while another asset account decreases.
It is most accurate to say that total quality management firms believe that it is the responsibility of ________ employees to serve the needs of customers
A) marketing B) research and development C) human resource D) management E) all
As it pertains to bad faith bargaining, direct dealing occurs when:
A. An employer goes around the union to discuss issues directly with the employees in a way that undermines the union's ability to bargain. B. A union discusses issues that have been presented at the bargaining table with the employees, without the employer's permission. C. The union and employer negotiate directly with each other over wages, hours, and other conditions of employment. D. An arbitrator delivers a final and binding arbitration decision.
Gold & Sweet Company bottles and sells maple syrup from its plant in Vermont. On the labels is a logo that states "100% Genuine New England Maple Syrup Certified by the Northeast Maple Syrup Harvesters Association.". This logo is
a. a certification mark. b. none of the choices. c. a service mark. d. trade dress.