Freelance Workers Who Can Be Hired for On-Demand Projects Through

question 27

Multiple Choice

Freelance workers who can be hired for on-demand projects through smartphone apps:

• A) ​enjoy benefits similar to those of full-time employees.
• B) are recognized by law as a different type of worker from either employees or independent contractors.​
• C) do not obtain jobs through companies such as Uber or TaskRabbit since these organizations do not provide by-the-hour or by-the-project services.​
• D) likely benefit less from this arrangement than the companies that employ them.​

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Definitions:

Ages Receivables

A method of categorizing accounts receivable according to the length of time an invoice has been outstanding.

Gross Accounts Receivable Approach

A method to estimate the total amount of receivables, including both collected and still outstanding payments.

Unadjusted Year End

The conclusion of a fiscal year before any adjustments are made for accounting purposes, such as accruals or deferrals.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.