Working for a nonprofit company that lacks financial resources or working for a start-up company that lacks the infrastructure and discipline found in mature companies can be considered INSTITUTIONAL<span> STRESSORS.</span>
Incapacity or death, bankruptcy, or destruction of property are examples of circumstances where an agency terminates by Operation of law.
This is further explained below.
<h3>What is
the Operation of law.?</h3>
Generally, A legal circumstance in which a person acquires certain rights (or occasionally duties) without having to take any action, needs the cooperation of another person, or is the subject of a judicial order.
In conclusion, Incapacity or death, financial ruin, or the loss of property are some examples of situations that might result in the termination of an agency as a result of the operation of the legislation.
Read more about the Operation of law.
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Answer:
D. Increase both assets and equity by $180
Explanation:
When a service is done on account, revenue will be recognized but the corresponding assets is accounts receivables and not cash. Hence the transaction will increase the company's revenue and assets balances . Revenue is turned into equity through retained earnings.
The accounting equation is
assets = liabilities + equity
This transaction will increase assets and equity be $180 each.
Answer:
a. Item numbers 2 and 4.
Explanation:
At the time of the bank reconciliation statement, there are two statements i.e book statement and the bank statement.
While at the time of recording the true cash balance, the following items should be deducted that are
1. Bank service charges
2. NSF checks
All other items are not relevant for subtracting it from the unadjusted book balance.
