In the normal operation of business you receive a check from a customer and deposit it into your checking account. With your bank statement you are advised that this check for $425 is "NSF". The bank also informs you that due to the amount of activity on your business account the monthly service charge is $45. During a bank reconciliation:
A) subtract both values from balance according to bank.
B) add both values from balance according to books.
C) add both values from balance according to bank.
D) subtract both values from balance according to books.
D
Business
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Ernesto is the only owner of an accounting business. He makes all of the decisions and takes all of the risk for it. What type of business entity is Ernesto's business?
A. A sole proprietorship B. A limited liability partnership C. An S corporation
Business
Personal property provides difficulties for real estate brokers because it:
a. could become real property. b. can be hypothecated. c. can be alienated. d. all of the above.
Business