Under the direct write-off method, when an account receivable is written off in one accounting period and is collected in the following accounting period, which of the following would be included in the journal entry?

Which memo provided advanced general principles to consider in cases involving corporate wrongdoing in that it makes clear that ethics and compliance programs are important to detecting the types of misconduct most likely to occur in a particular corporations’ line of business?

Which statement is correct regarding a corporation sole?

A. It can broker real estate deals B. It allows title to go to the heirs of the clergy in place C. It allows title to go to the successor to the clergy in place D. It acts like a corporation for profit