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Question
There are a significant number of intercompany transactions monthly. The transactions are related to transfers of inventory between warehouses and the allocation of marketing costs between the business units. The intercompany transactions are frequently material.
There is a formal management policy that requires monthly reconciliation of the intercompany accounts; however, there is no process to ensure that the procedures are performed consistently.
The result is a lack of timely reconciliations, and differences in intercompany accounts that are frequent and significant.
Why the above item is a material weakness?
which of the following is not one of the activities shown on the statement of cash flows? accounting
The purpose of this lab is to gain experience in the design and implementation of a simple Java class. You will create a class definition and write a simple main method that will test the methods of your class to ensure they work as expected.
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