Which of the following is an addition to net income when the indirect method is used?
a. an increase in inventory
b. a loss on sale of equipment
c. a decrease in accounts payable
d. an increase in accounts receivable
b
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On April 1, 2019, Orbit Services received $8000 in advance of performing the services from a customer for three months of service — April, May and June. What would be the journal entry to adjust the accounts at the end of May? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A) Debit Service Revenue $2667, and credit Unearned Revenue $2667. B) Debit Unearned Revenue $5333, and credit Service Revenue $5333. C) Debit Unearned Revenue $8000, and credit Service Revenue $8000. D) Debit Service Revenue $5333, and credit Accounts Receivable $5333.
Performance or job productivity can be defined as ______.
A. determining how well someone gets along with their coworkers B. determining how much someone knows about the organization they work for C. determining how much work someone gets done during a regular work day D. determining how well someone does at his or her required work tasks
A receivable is an amount due from another party.
Answer the following statement true (T) or false (F)
Alerts are transaction based and are sent only if the transaction is committed.
Answer the following statement true (T) or false (F)