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Which one of the following statements is true?
a. Sound internal control practice dictates that cash disbursements should be made by check, unless the disbursement is very small.
b. Petty cash can be substituted for a checking account to expedite the payment of all disbursements.
c. Good cash management practices dictate that a company should maintain as large a balance as possible in its cash account.
d. The person handling the cash should also prepare the bank reconciliation.
With regard to GASB rules for the financial reporting entity, answer the following:Define financial reporting entity.
Fifty-four thousand units were transferred out of the department and the ending inventory consisted of 2,500 units that are 20% complete with respect to conversion. Illustrate what is the conversion cost per equivalent unit?
Compute the number of preferred shares that were issued during 19X6 and calculate the average issue price of the common stock sold in 19X6.
The company estimates that the sales representatives will drive a total of 75,000 miles next year. From the information provided, calculate Ulster Company’s budgeted selling expenses for the coming year.
Centcom estimates that under its management of Britel, economies of scale benefits will be realized, and, thus, will reduce Britel's operating costs.
A new branch in its first year opened new accounts at a rate of 40 for every 100 customer calls. The total num?if the bank opens 10,000, how many calls were made?
Identify three database systems and discuss the purpose for choosing these three options.
The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable and inventories.
on 1st january 2009 plano company acquired 8 16000 shares of the outstanding voting shares of the sumter company for
at his death dr. heinz doofenshmirtz held various patents for evil inventions. these patents were valued at 400000
Using the variable costing method, prepare Vitamin T-Shirts' income statement for the year.
The computer lists for $9800. The stock was purchased in 2002 for $38. Illustrate what are the journal entries and adjusting journal entries.
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