United Way contributions deducted from employees and owing to the charity would be a:
Select one:
a. Debit
b. Credit
c. Neither
d. Both
United way contribution deducted from employees and owing to the charity would be a debit
United Way contributions deducted from employees and owing to the charity would be a: Select one:...
The Let's Read organization is a public charity under IRC Sec. 501(c)(3). It had total support of the following: United Way support Grant from the state Grant from the city Contributions from individuals Investment income Revenue from the sale of books $ 8,600 23,200 8.300 259,200 2.600 10,200 $312,100 Of the $259,200 received from contributors, $238, 100 came from four contributors, each of whom gave $59,525, the other $21,100 came from small individual contributions. Required a. Calculate the total amount...
Are credit cards and debit cards money? Select one: a. Yes, both are money b. No, neither are money c. Credit cards are, but debit cards are not d. Debit cards are, but credit cards are not
2. Which of the following scenarios would be closest to a normal distribution? Select one answer and explain why it is the closest to a normal distribution. a. The sampling distribution of the average salary of groups of 50 Starbucks employees randomly selected from California. b. The sampling distribution of the average salary of groups of 5 Starbucks employees randomly selected from California. c. The distribution of the individual salaries of all the Starbucks employees in California. d. The distribution...
Beach Company receives $25,000 cash revenue for services performed. The transaction would involve a Select one: a. credit to Cash. b. debit to Income from Services. c. debit to Accounts Receivable. d. credit to Income from Services.
The entry to close the drawing account would involve a Select one: a. debit to capital. b. credit to cash. c. debit to Income Summary. d. credit to net income.
The Let's Read organization is a public charity under IRC Sec. 501(c)(3). It had total support of the following: United Way support $ 10,200 Grant from the state 25,100 Grant from the city 10,100 Contributions from individuals 261,200 Investment income 1,200 Revenue from the sale of books 12,100 $ 319,900 Of the $261,200 received from contributors, $240,300 came from four contributors, each of whom gave $60,075; the other $20,900 came from small individual contributions. c-1. If the organization had received...
Sales Discounts as well as Sales Returns and Allowances are deducted from Sales to determine Select one: a. Net sales b. Gross profit c. Net purchases d. Cost of goods sold
1.) One way to characterize the nature of a government is by its __________________. Select one: a. business ideology b. social ideology c. ethnic ideology d. regional ideology e. political ideology 2.) The ultimate government involvement in trade is when the government Select one: a. itself is the customer b. gives tax breaks to businesses c. prevents competition d. controls the foreign competition with tariffs e. allows domestic businesses to bribe in foreign countries so they can remain competitive 3.)...
Future deductible amounts would be caused by Select one: a. Both Accelerated Tax Depreciation and Prepaid Expenses b. Accelerated Depreciation, but not Prepaid Expenses c. Prepaid Expenses, but not Accelerated Tax Depreciation d. Neither Accelerated Tax Depreciation nor Prepaid Expenses.
Which of these errors would be detected by a trial balance? Select one: O a. A cash sale was recorded in the sales account as $237 instead of $273 but was correctly recorded in the bank account. O b. Office salaries were recorded as office expenses. O c. The sales assistant pocketed the cash from a cash sale and did not ring it up on the register. O d. Purchase of inventory on credit was recorded as a debit to...