On December 31, Chu Company had performed $3,000 of management services for clients that had not yet been billed. Prepare Chu's adjusting entry to record these fees earned.
What will be an ideal response?
| Dec. 31 | Accounts Receivable…………………. | 3,000 |
| ? | Management Fees Earned……………. | 3,000 |
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Daniel is writing a letter to the editor of the local newspaper. He is encouraging citizens to join him in expressing his like of city funds supporting a local nonprofit organization. Daniel is ______.
A. lobbying B. controlling C. advocating D. advertising
The UCC states that an instrument fulfills the requirements of being payable to bearer if it:
a. states it is payable to bearer or the order of bearer. b. does not state a payee. c. states it is payable to "cash" or to the order of "cash." d. All of these.
An analysis of a firm's financial ratios over time used to determine the improvement or deterioration in its financial situation is called _____.?
A. ?sensitivity analysis B. ?theDuPont chart C. ?ratio analysis D. ?benchmarking analysis E. ?trend analysis
If a firm's suppliers stop offering discounts, then its use of trade credit is more likely to increase than to decrease other things held constant.
Answer the following statement true (T) or false (F)