Bad Debt Expense is reported on the income statement as
A. part of cost of goods sold
B. an operating expense
C. a contra-revenue account
D. reducing gross profit
Ans: B. an operating expense
Business
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For property tax purposes, real property is reassessed:
a. when it is encumbered. b. semi-annually. c. annually. d. when sold.
Business
Which of the following is an instance of disparate-treatment discrimination?
A) An employer does not promote Kelly because she is about to take maternity leave. B) Ghalib, who is fluent in English, is not hired as a writer due to his Iraqi heritage. C) An employer refuses to install a wooden ramp to accommodate Lin who is restricted to a wheelchair. D) A factory hires 22-year old Jerry over 46-year old Barry, citing age as the reason. E) All of the above
Business