Which of the Following Statements Is FALSE

question 32

Multiple Choice

Which of the following statements is FALSE?

• A) Mark is a contingent employee of Perspectivo. He can legally work for another organization at the same time.
• B) Amy works for Perspectivo as a contingent worker. For legal purposes, she is an employee.
• C) Clark works for Perspectivo through an employment agency. Clark is a contingent employee.
• D) Gidget is an independent contractor for Perspectivo. Her contract limits her pay and the time period for which she will do work for Perspectivo.

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Definitions:

Gain on Sale of Land

The financial profit earned from selling land for more than its purchase cost.

Interest Revenue

Income earned from lending money or through investments that pay interest, contributing to a company's overall revenue.

Rent Expense

An expense incurred for using a property or location for business purposes.

Operating Items

Financial transactions and events related to the core business operations of a company, including sales, services, and the cost of goods or services sold.