In an organization, individuals who suspect fraud usually don't come forward because they:
a. feel that perpetrator will get caught anyway.
b. do not want to accuse someone.
c. fear being branded as a whistle-blower.
d. will lose the friendship of the perpetrator.
c
FEEDBACK: a. Incorrect.
b. Incorrect
c. Correct.
d. Incorrect.
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A. supermedia software B. utility software C. packaged software D. multimedia software
Which of the following statements is not true?
a. Routine payroll processing begins with the submission of time cards. b. Payroll clerks must verify the hours reported on the time cards. c. Payroll reconciles personnel action forms with time cards and prepares paychecks. d. Cash disbursements signs paychecks and forwards them to the paymaster for distribution.
On March 1, 2018, Lewis Services issued a 6% long-term notes payable for $18,000. It is payable over a 3-year term in $6000 principal installments on March 1 of each year, beginning March 1, 2019.
Which of the following entries needs to be made on March 1, 2018?
If there is a balance in the prepaid rent account after adjusting entries are made, it represents a(n)
A) deferral B) accrual C) revenue D) liability