Which of the following is a requirement for a common law marriage to be valid?
A) that a marriage license was obtained
B) that there was a legal marriage ceremony
C) that the parties live together
D) that the parties have a valid prenuptial agreement
C
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Which designation would be most appropriate for those professionals possessing IT audit, control and security skills?
A. Certified Information Systems Auditors (CISA). B. Certified Information Technology Professional (CITP). C. Certified Internal Auditor (CIA). D. Certified Public Accountant (CPA).
Record the December 31 adjusting entries for the following transactions and events in general journal form. Assume that December 31 is the end of the annual accounting period. a. The Prepaid Insurance account shows a debit balance of $2,340, representing the cost of a two-year fire insurance policy that was purchased on October 1 of the current year and has not been adjusted to-date.b. The Store Supplies account has a debit balance of $400; a year-end inventory count reveals $80 of supplies still on hand.c. On November 1 of the current year, Rent Earned was credited for $1,500. This amount represented the rent earned for a three-month period beginning November 1.d. Estimated depreciation on store equipment is $600.e. Accrued salaries amount to $1,400.
What will be an ideal response?
A cost that does not change in total as output changes is a variable cost
Indicate whether the statement is true or false
Which of the following is not categorized as an operating expense?
A. the cost of products being sold B. marketing costs C. administrative overhead D. amortization of goodwill