If a check correctly written and paid by the bank for $749 is incorrectly recorded in the company's books for $794, how should this error be treated on the bank reconciliation?
A. Subtract $45 from the book balance.
B. Add $45 to the book balance.
C. Subtract $45 from the bank's balance.
D. Add $45 to the bank's balance.
E. Subtract $45 from the bank's balance and add $45 to the book's balance.
Answer: B
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A $200,000 bond issue with a carrying value of $194,000 is called at 101 and retired. The entry to record the retirement of bonds is:
A) Bonds Payable 200,000 Gain on Retirementof Bonds 6,000Cash 194,000 B) Bonds Payable 200,000 Cash 200,000 C) Bonds Payable 200,000 Loss on Retirementof Bonds 8,000Unamortized BondDiscount 6,000Cash 202,000 D) Bonds Payable 194,000 Loss on Retirementof Bonds 8,000Cash 202,000
As a manager, you are faced with a problem involving a very popular and productive employee. The employee has committed a highly unethical act, and you must decide what to do. Using the critical thinking decision-making process, describe your first three steps regarding this issue.
What will be an ideal response?
Use the project described in the table to determine the total resources required for this project if a worker is expected to devote half-time (four hours per day) to this project
Activity Duration Predecessor A 5 days -- B 4 days A C 5 days A D 6 days B E 6 days C, D F 6 days E A) 36 hours B) 40 hours C) 64 hours D) 128 hours
Bond interest is typically paid
A) daily. B) weekly. C) semiannually. D) every 2 years.