An accounting firm collected cash on account. As a result of this transaction, assets and revenues increase

Indicate whether the statement is true or false

FALSE .The asset Cash increases and the asset Accounts Receivable decreases.

Business

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A waiver violates public policy if

A. it pertains to a service important to the public. B. the parties are not of equal bargaining power. C. there is an employer-employee relationship between the parties entering into the waiver contract. D. it attempts to preclude liability for extreme forms of conduct, such as gross negligence or intentional acts. E. All of these are correct.

Business

The primary function of a credit bureau is to evaluate a credit application and assign a credit limit

Indicate whether the statement is true or false.

Business