An adjusting entry was made on year-end December 31 to accrue salary expense of $1,200. Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $3,000 payment of salaries in January of the following year?
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______________ should view themselves as active owners of the firm, not just investors.
a. Board of directors b. Institutional shareholders c. Senior management d. Employees
Graphics can be added to business reports to clarify data, create visual interest, and make numerical data meaningful. List five categories of graphics and explain the type of data each is used to illustrate. Then give an original example of when each could be used
A drawee of a bill who, by signing the bill on its face, agrees to pay the bill when it is due is referred to as a(n) ________
A. accommodation party B. acceptor C. holder in due course D. holder
Agatha, Betty, and Clara are sisters who own 300 acres of land as joint tenants
a. What interest does each of them have in the parcel of land? b. If Betty dies, what happens to her share of the 300 acres? c. If Clara sells one-half of her interest to Diane, what interest does Diane acquire in the 300-acre parcel?