Nonprofit corporations are also called ________
A) eleemosynary institutions
B) Subchapter C corporations
C) alien corporations
D) private corporations
A
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Overt names:
A) reveal what the company does B) capture the essence of the idea behind the brand C) contain recognizable words or word parts that imply what the company is about D) do not reflect the company's goods or services, but instead something that is unique, different, and memorable
Which of the following items would most likely be a violation of the materiality constraint?
A) A company did not separately report an unusual gain of $100,000. Its income from operations was $20,000,000. B) A company having reported total assets of $50,000,000 immediately expensed the purchase of 20 pencil sharpeners that have an estimated useful life of three years. C) A $75,000 illegal bribe by an executive of the company to a foreign official was not separately disclosed in the annual report. D) A $2,000 expenditure to improve a building that originally cost $10,000,000 was immediately expensed.
In their guidelines on interviewing, the Council of American Survey Research Organizations suggests that interviewers keep a tally on each terminated interview and the reason for each termination
Indicate whether the statement is true or false
Which of the following events does not require a journal entry?
A) Purchase of a one-year insurance policy. B) Agreement to perform a service at a future date. C) Payment for a service performed previously. D) All of these choices.