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The challenge at the stage of framing the problem is to change the negotiation by proactively __________ his or her tactics.
On Jul 22, 2024
reframing
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The unadjusted trial balance and the adjustment data for Porter Business Institute are shown below along with adjusting entry information.What is the impact of the adjusting entries on the balance sheet? Show the calculation for total assets,total liabilities,and equity without the adjustments; show the calculation for total assets,total liabilities,and equity with the adjustments.Which one provides the most accurate presentation of the balance sheet?
Additional information items:
a.The Prepaid Insurance account consists of a payment for a 1 year policy.An analysis of the insurance invoice indicates that one half of the policy has expired by the end of the December 31 year-end.
b.A cash payment for space sublet for 8 months was received on July 1 and was credited to Unearned Rent.
c.Accrued interest expense on the note payable of $1,000 has been incurred but not paid.
Additional information items:
a.The Prepaid Insurance account consists of a payment for a 1 year policy.An analysis of the insurance invoice indicates that one half of the policy has expired by the end of the December 31 year-end.
b.A cash payment for space sublet for 8 months was received on July 1 and was credited to Unearned Rent.
c.Accrued interest expense on the note payable of $1,000 has been incurred but not paid.
On Jul 18, 2024
The accrual basis gives the most accurate balance sheet presentation.Prepaid insurance has been reduced to show the portion related to future periods.Liabilities now show the correct balance in Unearned Rent and Interest Payable.Equity increased because of the increase in Net Income.OT
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What are the two different methods for accounting for bad debts:
A) Direct Write-off method and Allowance method
B) Accounts Receivable method and Direct Write-off method
C) Accounts Receivable Reconciliation method and Allowance method
D) Direct Write-off method and Accounts Receivable Reconciliation method
A) Direct Write-off method and Allowance method
B) Accounts Receivable method and Direct Write-off method
C) Accounts Receivable Reconciliation method and Allowance method
D) Direct Write-off method and Accounts Receivable Reconciliation method
On Jun 20, 2024
A
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Which of the following is considered a financial security?
A) Apple bond
B) Apple stock
C) U.S. government bond
D) All of the above
A) Apple bond
B) Apple stock
C) U.S. government bond
D) All of the above
On Jun 15, 2024
D
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___ needs are served by job security and adequate compensation and benefits.
A) Social
B) Safety
C) Self-actualization
D) Esteem
E) Physiological
A) Social
B) Safety
C) Self-actualization
D) Esteem
E) Physiological
On Jun 14, 2024
B
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Explain why laws exist that do not impose a duty to rescue.
On May 15, 2024
Traditionally,our society has tended to grant maximum leeway to individual freedom of choice.Requiring that people help one another in emergencies would infringe on that freedom by forcing people to act when they might choose not to. Further,imposing a duty to rescue presupposes that there is agreement that rendering assistance is always the right thing to do,which in some cases,it is not. It might also put the rescuer at risk of harm.
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Management accounting:
A) must comply with Australian accounting standards.
B) focuses primarily on the needs of managers internal to the organisation.
C) provides information for parties external to the organisation.
D) involves reports focusing on the enterprise in its entirety.
A) must comply with Australian accounting standards.
B) focuses primarily on the needs of managers internal to the organisation.
C) provides information for parties external to the organisation.
D) involves reports focusing on the enterprise in its entirety.
On May 14, 2024
B
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An executed contract is one that has been fully performed by both parties to it.
On May 12, 2024
True