Fragmental Co

question 239

Multiple Choice

Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $800. Fragmental collected the entire $6,400 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by Fragmental Co. on December 31 would be:

• A) A debit to Rent Revenue and a credit to Cash for $2,400.
• B) A debit to Rent Revenue and a credit to Unearned Rent for $2,400.
• C) A debit to Unearned Rent and a credit to Rent Revenue for $4,000.
• D) A debit to Unearned Rent and a credit to Rent Revenue for $2,400.
• E) A debit to Cash and a credit to Rent Revenue for $6,400.

Recognize the importance of selecting and developing leaders as per Jack Welch's leadership concepts.

Understand Deming's 14 points for a successful workplace and identify methods to improve quality.

Grasp the philosophy behind the quality movement and its emphasis on employee involvement and problem-solving.

Realize the significance of effective communication strategies in empowered and high-performance workplaces.

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Definitions:

Farmers' Alliance

A broad mass movement in the rural United States during the late 19th century, which sought to improve the economic conditions for farmers through the creation of cooperatives and political advocacy.

Federal Troops

Military forces deployed by the federal government of a nation, often used to denote soldiers sent to enforce laws within the country, including during periods of civil unrest.

Using Force

The application of physical power or violence to achieve an objective, often associated with military action or law enforcement tactics.