An adjusting entry that debits Accounts Receivable is an example of a(n) ________

A) deferred expense
B) accrued revenue
C) accrued expense
D) deferred revenue

B

Business

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The Fair Labor Standards Act requires employers to pay covered employees at least the federal minimum wage and overtime pay of one-and-one- half-times the regular rate of pay for work exceeding a 40-hour week

Indicate whether the statement is true or false

Business

On a Friday evening you use a bar's ATM to withdraw $50 from your bank account. However, as you complete your withdrawal, your card gets jammed in the ATM machine. The individual waiting in line behind you approaches you and suggests re-entering your PIN number. You do. However, your card remains jammed. You leave the bar to call your bank to report the incident. However, after you left the

individual who offered to help you removed a sleeve he inserted in the ATM to jam your card. He now has your ATM card and PIN number. You just fell victim to a ________ fraud. A) tabnapping B) Lebanese looping C) phishing D) pharming

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