What effect does the recording of revenue normally have on total assets?
What will be an ideal response?
The recording of revenue normally has the effect of increasing total assets (usually cash or accounts receivable).
If revenue is earned at the same time cash is collected, cash is increased. If revenue is earned on account, and a customer is billed, accounts receivable is increased. A less common situation involves earning revenue after cash was received in advance, in which case assets are unaffected (that is, liabilities decrease and equity increases).
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The threat of immediate harm or offensive contact is termed ________.
A. battery B. assault C. disparagement D. libel
A graphic that will not fit on the page where it is introduced should be placed in an appendix
Indicate whether the statement is true or false
Congress enacts a law that sets out a rigorous medical-device premarket approval process for the U.S. Food and Drug Administration to follow. The law includes a preemption provision. Moe is injured by a device that underwent the process and files a claim under New Hampshire state law to recover for the injury. The court will most likely rule that
a. Moe's state law claim preempts the federal law. b. the federal law and state law claim are concurrent. c. the federal and state law claim cancel each other out. d. the federal law preempts Moe's state law claim.
Answer the following statement(s) true (T) or false (F)
1. We know all we need to know about cells or self-managed groups in organizations. 2. The evidence for an organizational unit’s being no larger than 150 people is compelling. 3. People always resist change. 4. . Over two decades ago, it was documented that the failure rate for individuals in positions of leadership was, on average, 73%. 5. According to Burke, we have a selection problem in the first place, and once selected, it is a matter of development.