The method of reporting preferred by U.S. GAAP is/are
a. the direct method.
b. the indirect method.
c. both the direct method and the indirect method.
d. the schedule of cash receipts and cash disbursements.
e. the funds flow statement.
A
Business
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A report that shows individual outstanding invoices sorted by aging category is called the:
A) Cash Receipts Journal report. B) Customer Ledger report. C) A/R Aging Summary report. D) A/R Aging Detail report.
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A hotelkeeper's right to keep the property of a guest until paid is known as
a. hotelkeeper's bailment. b. demurrage. c. hotelkeeper's lien. d. innkeeper's judgment.
Business