The adjustment to convert cash-basis collections from customers to accrual-basis revenue earned requires adding the ending balance in accounts receivable and subtracting the beginning balance in accounts receivable
Indicate whether the statement is true or false
True
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The ______________________________ should describe operating procedures for both manual and automated procedures
Fill in the blank(s) with correct word
The Retained earnings account has a credit balance of $39,000 before closing entries are made. Total revenues for the period are $57,200, total expenses are $40,800, and dividends are $9800. What is the correct closing entry for the expense accounts?
A. Credit Expense accounts $40,800; debit Retained earnings $40,800. B. Debit Expense accounts $40,800; credit Income Summary $40,800. C. Debit Income Summary $40,800; credit Expense accounts $40,800. D. Debit Income Summary $40,800; credit Retained earnings $40,800. E. Debit Expense accounts $39,000; credit Retained earnings $39,000.
Ashley is an ineffective meeting participant, so during a meeting, she is likely to
A) study support material including e-mails during the meeting. B) stay to the end even if she has already contributed. C) use constructive nonverbal behavior. D) rely much more on intuition than data in defending her point.
The Perfect Manager (Scenario)Brenda Kraft has proven to be an able manager. Her section has a high project completion rate with highest quality products and the lowest defects in her division. In addition, she accomplishes this with fewer full-time people than other managers. Some say that the secret of her success is in her ability to delegate responsibility and her understanding of "management functions."Brenda's ability to produce the same amount of product with fewer personnel is a reflection of her ________.
A. effectiveness B. process skills C. leadership D. efficiency