Jason and Stacey posted a copy of their favorite movie, Frozen, on YouTube. When YouTube realized it was posted, it removed it to avoid breaking copyright laws and was not liable for the posting. This is known as
a. a legal reaction.
b. a safe harbor.
c. the digital solution.
d. copyright liability.
b
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Which one of the following below is not a factor that influences a business's control environment?
A) management's philosophy and operating style B) organizational structure C) proofs and security measurers D) personnel policies
Which of the following types of diversity is NOT a surface-level factor?
a. Age b. Sex c. Race d. Personality
The April 30 bank statement for Trimble Corporation shows an ending balance of $35,851. The unadjusted cash account balance was $29,750. The accountant for Trimble gathered the following information: 1. There was a deposit in transit for $4530. 2. The bank statement reports a service charge of $74. 3. A credit memo included in the bank statement shows interest earned of $295. 4. Outstanding checks totaled $11,680. 5. The bank statement included a $1270 NSF check deposited in April. What is the true cash balance as of April 30?
A. $33,231 B. $32,936 C. $28,701 D. $27,431
When recording the sale of merchandise inventory, using a periodic inventory system, ________
A) a running record of merchandise inventory is maintained during the accounting period B) the Sales Revenue account is credited only as an adjusting entry because sales information is not needed during the accounting period C) sales discounts and sales returns and allowances are not recorded D) there is no need to record an entry to the Merchandise Inventory and the Cost of Goods Sold accounts