The cash receipts and disbursements method of accounting is used by most individual taxpayers and most noncorporate businesses that do not have inventories.
Answer the following statement true (T) or false (F)
True
For individuals and small businesses, the cash method is preferred due to simplicity and control over timing of recognition of income and deductions.
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Top and middle management are primarily responsible for ________
A) annual-plan control B) efficiency control C) profitability control D) technological control E) innovation control
Which of the following is true of partnership property?
A. Payment by the partnership of taxes or insurance on property is conclusive evidence that the property is owned by the partnership. B. Any property acquired with partnership funds is partnership property even if a contrary intent is shown. C. The fact that property is used in the business makes it partnership property though it does not show in the account books. D. Partnership property includes all property that originally was contributed to the partnership as well as anything purchased then or later for the partnership.
A Board decides that a lottery is an inappropriate fundraiser in low-income neighborhoods. The board is performing which of the following functions?
a. expertise b. linking to the environment c. volunteering d. oversight e. marketing
A well-written résumé and cover letter will make you stand out from thousands of job applicants
Indicate whether the statement is true or false