For Each of the Following Questions That Might Appear on an Application

question 89

Essay

For each of the following questions that might appear on an application form, identify them as either (A) appropriate or (B) inappropriate, from a legal perspective.
a.Appropriate
b.Inappropriate
-Does your religion keep you from working on weekends?

---

Definitions:

Temporary Accounts

Accounts that track revenues, expenses, and withdrawals for a specific accounting period and are closed at period end.

Miscellaneous Expense

Minor or incidental expenses that do not fit into standard categories and are not material to the business's overall financial results.

Balance Sheet

A financial statement that presents a company's financial position at a specific point in time, including its assets, liabilities, and equity.

Statement of Stockholders' Equity

A financial report detailing changes in the equity section of the balance sheet, including shares, dividends, and earnings over a period.