The adjustment to convert cash-basis collections from customers to accrual-basis revenue earned requires adding the ending balance in accounts receivable and subtracting the beginning balance in accounts receivable.
Answer the following statement true (T) or false (F)
True
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A(n) ________ is a special form of partnership in which all partners are limited partners, and there are no general partners
A) domestic LLC B) proprietorship C) LLC (limited liability company) D) LLP (limited liability partnership)
A company has two departments, Y and Z that incur delivery expenses. An analysis of the total delivery expense of $9,000 indicates that Dept. Y had a direct expense of $1,000 for deliveries and Dept. Z had no direct expense. The indirect expenses are $8,000. The analysis also indicates that 40% of regular delivery requests originate in Dept. Y and 60% originate in Dept. Z. Departmental delivery expenses for Dept. Y and Dept. Z, respectively, are:
A. $5,500; $3,500. B. $4,800; $4,200. C. $5,400; $3,600. D. $4,200; $4,800. E. $4,500; $4,500.
Consumers have a right to
a. exclude as obsolete information about a bankruptcy discharge seven years previously. b. know the name of anyone to whom credit information has been supplied by a consumer reporting agency within the last three years. c. have their own version of a disputed credit situation included in their credit file. d. have investigative reports become obsolete after 1 year.
World Investment & Trading, Inc (WIT), encourages its employees to build trust with its customers and other companies. Unfounded complaints and exaggerated charges leveled against WIT online would most likely be regarded by a court as
a. an expression of fact. b. a form of speech protected by the First Amendment. c. an inappropriate online disclosure. d. libelous.