On December 14, Branch Company received $3,000 cash for 30 days of consulting services that will be completed on January 13. Branch records all such prepayments by customers in a liability account. Prepare the December 31 adjusting entry.
What will be an ideal response?
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When you're writing a routine request for information or action in a complex situation,
A) provide vague reasons to support your request. B) limit the justification for your request. C) point out the benefits of complying with your request. D) dwell on the negative consequences of choosing not to comply. E) identify who will be affected by a lack of action on the reader's part.
Karlovsky and Sons Inc, a retail corporation, reports financial losses for three years in a row. Two larger corporations, Gatsby Retail Inc and Chelsea Sales Corp compete to acquire Karlovsky and Sons
Initially, Chelsea places a higher bid than Gatsby Retail but eventually backs out of the merger. In the end, a Boston-based multinational company (MNC) named J.Y. Corp acquires Karlovsky and Sons and permits the latter to expand as a wholesaler. Which of the following is the surviving corporation in this scenario? A) Gatsby Retail Inc. B) Chelsea Corp. C) J.Y. Corp. D) Karlovsky and Sons
An employer directs his vice-president of marketing to fix prices with their company's competitors. The employee does so. Under these facts:
a. only the employee is criminally liable. b. both the employee and the employer are criminally liable. c. only the employer is criminally liable. d. neither the employee nor the employer is criminally liable.
Apparent authority usually comes into existence through a principal's pattern of conduct over time
Indicate whether the statement is true or false