Mauve Company Permits Employees to Occasionally Use the Copying Machine

question 87

True/False

Mauve Company permits employees to occasionally use the copying machine for personal purposes.The copying machine is located in the office where the higher paid executives work, so they occasionally use the machine.However, the machine is not convenient for use by the lower paid warehouse employees and, thus, they never use the copier.The use of the copy machine may not be excluded from gross income because the benefit is discriminatory.

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Definitions:

Accounts Receivable Tracking

The process of monitoring and managing the amounts owed to a business by its customers for goods or services provided on credit.

Aging Report

A summary of a company’s accounts receivables that are outstanding, categorized by the length of time an invoice has been unpaid.

On Time

The occurrence of an event at the scheduled or expected time without delay.

Customers List

A compiled record of individuals or entities that purchase goods or services from a business.