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A company had average total assets of $3,216,000, total cash flows of $1,320,000, cash flows from operations of $554,000, and cash flows for plant assets of $850,000. The cash flow on total assets ratio equals:
A. 41.04%.
B. 41.97%.
C. 26.43%.
D.17.23%.
E. 64.39%.
What is the purpose of the CUT-OFF audit objective as applied to ACCOUNTS RECEIVABLE?
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CalCount pays a weekly payroll of $85,000 that includes federal taxes withheld of $12,700, FICA taxes withheld of $7,890, and 401(k) withholdings of $9,000. What is the effect of assets and liabilities from this transaction?
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