When an organization provides access to services, such as medical screenings, weight management, health advice, and exercise programs, they are implementing a/an ______.
A. wellness program
B. weakness repairing
C. well-being program
D. wholeness training
A. wellness program
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After closing the temporary owners' equity accounts into Income Summary, and after allocating the net income and closing the partners' drawing accounts, assume the partners' capital accounts had credit balances as follows: Sanchez, $20,000; Dorvinsky, $30,000; Davenport, $45,000 . Partners share profits and losses as follows: Sanchez, 20%; Dorvinsky, 30%; and Davenport, 50%. If Davenport retired
and withdrew $40,000 in settlement of his/her equity and settlements are allocated according to capital interests, the amount entered in Dorvinsky's capital account would be a a. $2,000 credit. b. $2,000 debit. c. $3,000 credit. d. $3,000 debit.
The following information is available for Brendon Company before closing the accounts. What will be the amount in the Income Summary account that should be closed to Retained earnings? Retained earnings$129,000?Dividends 41,000?Fees earned 215,000?Depreciation Expense-Equipment 13,975?Wages expense 81,700?Interest expense 3900?Insurance expense 13,500?Rent expense 27,950?
A. $45,000. B. $73,975. C. $32,975. D. $88,000. E. $46,950.
Each of the following statements is justified by a concept or convention of accounting. Write the letter in the blank next to each statement corresponding to the concept or convention involved. a. Consistency d. Full disclosure b. Materiality e. Cost-benefit c. Conservatism _____ 1. This convention best enhances comparability of financial statements between years. _____ 2. A merger agreed on just
after the balance sheet date nevertheless is reported in the notes to the financial statements. _____ 3. A company forgoes hiring another full-time accountant, which would add only slightly to the financial statements' accuracy. _____ 4. A company uses lower-of-cost-or-market to value inventory. _____ 5. A large company rounds its financial statement figures to the nearest $10,000. Fill in the blank(s) with correct word
In determining liability for errors in a registration statement, the plaintiff must prove that there was a misstatement or omission that was important enough to affect the plaintiff's investing decision. In other words, the misstatement or omission needs to be
a. material. b. unrefuteable. c. accredited. d. firm.