Fact Pattern 31-1A

question 4

Multiple Choice

Fact Pattern 31-1A
Janet and Julie work at ABC Interiors. Janet is a designer who works with cli?ents of ABC on interior design projects. ABC closely supervises all of its design?ers, and dictates their work schedules. Julie works part-time in the evenings cleaning the offices.
-Refer to Fact Pattern 31-1A. Janet is ABC's

• A) employee, agent, and independent contractor.
• B) employee and agent.
• C) employee but not agent.
• D) independent contractor.

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Definitions:

Merchandise Inventory

Goods that a retail or wholesale company intends to sell to customers for a profit.

Sales Invoice

A document issued by a seller to a buyer, listing items or services supplied and specifying the amount due for payment.

Purchase Order

A formal document sent from a buyer to a supplier to authorize the purchase of products or services under specified terms and conditions.

Subsidiary Ledger

A detailed ledger that contains the individual accounts needed to support a specific general ledger account.