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In 2010, the _____ Issued a Ruling That Makes It

question 3

Multiple Choice

In 2010, the _____ issued a ruling that makes it more difficult for profit-seeking firms to offer unpaid or low-wage internships.

Definitions:

General Journal

A journal used in accounting that records all day-to-day financial transactions in chronological order.

Unearned Legal Fees Revenue

Revenue recognized for legal services not yet provided; it is recorded as a liability until the service is delivered.

General Journal

A foundational accounting record where transactions are recorded in chronological order before being posted to specific accounts in the general ledger.

General Journal

An accounting ledger where all types of financial transactions are initially recorded before being posted to specific accounts.