The transition from the preapproach to the approach is sometimes blocked by sales call reluctance

Daniel teaches sixth grade at a local elementary school. He significantly increased his salary by earning a master's degree in education. This is an example of ________.

A. pay for performance B. profit sharing C. a bonus D. pay for knowledge or skill-based pay E. gainsharing

Avalon Event Planning Services, Inc. records deferred expenses and deferred revenues using the alternative treatments. It makes adjusting entries as needed to bring its books to the full accrual basis once a year at the end of the year On October 1, it paid $3,600 for insurance for a one-year period. At the end of the year, it will make an adjusting entry that debits Insurance Expense for $1,200.

Indicate whether the statement is true or false