Which of the following methods do not-for-profit corporations primarily use to generate revenues?
A) withholding employees' salaries
B) scaling down big-budget projects
C) organizing fund-raising events
D) issuing shares of corporate stock
E) not providing employees with health insurance
C
Explanation: C) Not-for-profit organizations depend primarily on fund-raising in order to generate the revenues they need to continue operating and advancing their goals.
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According to the text, what responsibilities are involved in corporate citizenship?
a. economic, legal, ethical, and philanthropic b. business, personal, educational, and environmental c. environmental, ethical, interpersonal, and charity d. legal, patriotic, governmental, and public
When the allowance method is used to account for uncollectible accounts, Bad Debts Expense is debited when
A) a customer's account becomes past due. B) an account becomes bad and is written off. C) a sale is made. D) management estimates the amount of uncollectibles.
How much information a federal agency can keep and maintain concerning a U.S. citizen is governed by:
A) Due Process. B) Equal Protection. C) Privacy Act. D) Access to Justice Act.
Fleetwood Corp purchased a mine in 2016 for $500,000 and estimated that 30,000 tons of iron ore could be extracted from it
There was no residual value. The business extracted and sold 2,500 tons of ore in 2016. How will the mine be reported on the balance sheet at the end of year 2016? (Round all intermediate calculations to the nearest cent.) What will be an ideal response