A perpetual record of a raw materials item that records data on the quantity and cost of units purchased, units issued for use in production, and units that remain in the raw materials inventory, is called a(n):
A) Materials ledger card.
B) Materials requisition.
C) Purchase order.
D) Materials voucher.
E) Purchase ledger.
A) Materials ledger card.
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Indicate whether each of the following statements is true or false.A pro forma income statement provides a review of a company's profitability over the past year.Budgets are usually prepared using spreadsheet software.The pro forma statement of cash flows is essentially the same as the cash budget.Pro forma financial statements must be prepared near the end of the budgeting process because they are affected by each of a company's budgets.Once the master budget is prepared, company managers should continue to review the budget and adjust it for changes in assumptions or conditions.
What will be an ideal response?
The ecosystem in which we live and do business and which is the basis for everything we do as humans is known as ______________.
Fill in the blank(s) with the appropriate word(s).
The financial statements present aggregated information, for example, the total amount of land, buildings, and equipment. Financial reports provide more detail for some of the items reported in the financial statements, and they provide additional explanatory material to help the user to understand the information in the financial statements. This information appears in _____ that are an integral
part of the financial reports. a. management's discussion and analysis b. external auditors report c. internal auditors report d. press releases e. schedules and notes
Answer the following statements true (T) or false (F)
The Federal Litigation Reform Act of 1995 replaced the previous proportionate liability requirement with joint and several liability for damages suffered by third parties who rely on the financial statement of firms attested to by CPAs.