Which of the following choices accurately reflects how the recording of accrued salary expense affects the financial statements of a business? Assets=Liab.+EquityRev.?Exp.=Net Inc.Stmt ofCash FlowsA.NA=++???+=NANAB.NA=NA++/?NA?NA=NANAC.NA=++?NA?+=?NAD.+=++NANA?+=??OA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
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Hamid has a check indorsed "Pay to the order of Hamid Ali." Hamid gives the check to Yasmin without indorsing it. Which of the following statements is true of this case?
A. Yasmin is not a holder of the check because Hamid failed to indorse the check. B. Yasmin is not a holder of the check because she failed to indorse the check. C. Yasmin is a holder of the check because she may supply the missing indorsement herself. D. Yasmin is a holder of the check because only delivery was necessary to negotiate the check.
Managers of a discount store chain are considering whether to add a new auto service department. In reaching this decision, the managers should consider:
A. Indirect costs but not direct costs. B. Neither direct nor indirect costs. C. Both direct and indirect costs. D. Direct costs only.
If the minimum ESI of the work surface is at least __________________of the maximum ESI, uniformity of the lighting system is considered adequate
A. One-fourth B. One-half C. One-third D. Two-thirds
Choose the correct word or words in parentheses. We plan to meet at (7, seven) p.m. and walk to the concert