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What is the primary role of internal controls in managing a business?
a. to prevent cash from being stolen
b. to ensure that the financial statements are presented in such a manner as to provide relevant and relaible information for financial statement users and the companys creditors
c. To constrain subordinates activities in order to prevent employees from deviating from the scope of their responabilities and encouraging them to act in the best interest of the business.
d. to encourage theft and to ensure that segration of duties does not take place
The cash flow statement categorizes like transactions for optimal reporting - Operating activity and Investing activity (I)
preparing the bank reconciliation statement.prepare bank reconciliation as of 31 oct from the followinga the oct 31
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Assume that high means in the top third of the industry, average means in the middle third and low is in the bottom third. Based on this information, which company would you select? Explain you selection.
calculation of difference between firms market value and book value per share.superior medical systems 2005 balance
please see the attached document.1. prepare the requirements using the fifo method.2. redo the requirements using the
List of transactions for Bows and Biceps for the first month. Put the transactions in the attached T accounts and then create a trail balance.
The price elasticity of demand for a firm's product is equal to -1.8. The firm currently sells 4,000 units per day at a price of $2. If the firm increases its product price by 10%, then it can expect to sell approximately
Evaluation of Variable cost per unit and Using the high-low method, what is the variable cost per unit
The building had a 10-year remaining useful life and the equipment had a 5-year remaining useful life. Explain how much amortization expense will be on the consolidated financial statements for the year ended on December 31, 2009 related to the ac..
Explain the relationship between cost allocation and customer profitability. Why is determining customer profitability important to a business, and how can appropriate cost allocation help accomplish that goal?
pass journal entries under perpetual periodic inventory system.fong sai-yuk company sells one product. presented below
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