A Small Company May Be Able to Justify Using a Cash

question 201

Multiple Choice

A small company may be able to justify using a cash basis of accounting if they have

• A) sales under $1000000.
• B) no accountants on staff.
• C) few receivables and payables.
• D) all sales and purchases on account.

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Definitions:

Nonverbal Messages

Nonverbal messages are communications expressed through body language, facial expressions, tone of voice, and other non-linguistic forms, supplementing or substituting verbal messages.

Office Decor

The aesthetic and functional elements used in an office environment to create a specific look, feel, and working atmosphere.

Polychronic People

Individuals who are comfortable dealing with multiple tasks and commitments simultaneously, often valuing human interaction over strict adherence to schedules.

Nonverbal Communication

The process of conveying a message without the use of words, including facial expressions, gestures, and body language.