Which of the following individuals or couples qualify for the child- and dependent-care credit?
I.Lois is single and earns $45,000 for the year. She pays $2,600 in child-care costs for her 8-year-old daughter.II.Patrick and Carol are married and together they earn $67,000 ($42,000 and $25,000, respectively). They pay $5,000 in child-care costs for their twin boys, age 11.?
A. Only statement I is correct.
B. Only statement II is correct.
C. Both statements are correct.
D. Neither statement is correct.
Answer: C
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Cause-related marketing integrates a marketing program with some type of charity in order to generate good will
Indicate whether the statement is true or false
In the ledger, the month is recorded
a. with every transaction; b. by the first entry on the page; c. for the first and last transactions of the month; d. at year end; e. on the first page only
An accountant is responsible for the following activities: (1 ) receiving all cash; (2 ) maintaining the general ledger; (3 ) maintaining the accounts receivable subsidiary ledger that includes the individual records of each customer; (4 ) maintaining
the journals for recording sales, purchases, and cash receipts; and (5 ) preparing monthly statements to be sent to customers. As a service to customers and employees, the company allows the accountant to cash checks of up to $75 with money from the cash receipts. When deposits are made, the checks are included in place of the cash receipts. What weaknesses in internal control exist in this system?
An organization’s ___________ is a description of how the organization intends to compete or provide value to its customers.
What will be an ideal response?