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The accountant of Reliable Consulting, Inc. failed to make an adjusting entry to record $6,000 for unearned service revenues that were earned before the end of the fiscal year. Assume the company initially recorded a liability. Which of the following statements is true?
Outsourcing
The business practice of hiring a third party to perform services, handle operations or provide goods that are either cost-prohibitive or not within the company's core competencies.
Employment At Will
A legal doctrine in some jurisdictions that allows an employer to terminate employees at any time for any reason, except an illegal one, or for no reason without incurring legal liability.
Due-Process Policy
Regulations that guarantee company procedures will be conducted fairly, especially concerning disciplinary actions against employees.
Internal Recruitment Sources
These are the channels within an organization used to fill job vacancies from the existing workforce.
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