In security circles, the phrase 'compliance' refers to LEGAL OR PROFESSIONALLY BINDING STEPS THAT AN ORGANISATION MUST TAKE. Compliance can be considered as the standards that one must fulfill when operating in a particular company or industry. It is often considered illegal when compliance is not observed.
Answer:
the question is incomplete, so I looked for a similar one:
Real estate commissions billed to clients amount to $4,000. Paid $700 in cash for the current month's rent. Paid $250 cash on account for office supplies purchased in transaction 2. Received a bill for $800 for advertising for the current month. Paid $2,500 cash for office salaries. Paid $1,200 cash dividends to stockholders. Received a check for $2,000 from a client in payment on account for commissions billed
<u>Income statement</u>
Service revenue $4,000
Operating expenses:
- Rent $700
- Advertising $800
- Office salaries $2,500 <u>($4,000)</u>
Net income $0
Accrual accounting recognizes both expenses and revenues when they occur, not when a cash flow is associated to them. E.g. even though only $2,000 were paid by clients, the whole $4,000 must be considered revenue.
Answer:
I believe it's C. Consumer
Explanation:
Character srlec is retail er
Child support and alimony
Fines, penalties, and restitution for breaking the law
Certain tax debts
Debts arising out of someone's death or injury as a result of your intoxicated driving