A fee splitting agreement is binding even if it creates a financial burden for the employee

Indicate whether the statement is true or false

FALSE

Business

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On Dec. 1, 2015, The Sun Shop received $240 from Carla for a twelve-month membership. The membership allows Carla to tan as much, or as little, as she wants each month. The December 31 adjusting entry is

A. a debit to Unearned Revenue and a credit to Service Revenue for 220. B. a debit to Cash and a credit to Unearned Revenue for 240. C. a debit to Unearned Revenue and a credit to Service Revenue for 20. D. a debit to Service Revenue and a credit to Unearned Revenue for 20.

Business

Which of the following is not an example of a void deed?

a. A forged deed. b. A deed signed and delivered by a seller under the age of 18. c. A deed obtained through undue influence or threat. d. A deed materially altered without the grantor's consent.

Business