The red-flag that is generally identified when vendors with invoices for the same amount on the same day are found is:
a. dummy vendors.
b. employees purchasing goods for personal use.
c. billing more than once for the same purchase.
d. providing poor-quality goods.
c
FEEDBACK: a. Incorrect.
b. Incorrect.
c. Correct.
d. Incorrect.
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Relevant asset valuations refer to all of the following except:
a. they are timely. b. they have the capacity to affect a user's decisions, based on the information. c. they incorporate all available information. d. they are always subjective.
Fieldworkers may make errors collecting data but they are never intentional
Indicate whether the statement is true or false
A retailer seeks to expand the store experience to stimulate a customer's senses, as well as to entertain the shopper. This proactive approach to retail image is best described as _____
a. visual merchandising b. enhanced retail imaging c. atmospherics d. experiential merchandising
Barker Company paid cash to purchase two identical inventory items. The first purchase cost $18.00 cash and the second cost $20.00 cash. Barker sold one inventory item for $30.00 cash. Based on this information alone, without considering the effect of income taxes, which of the following statements is correct?
A. Cash flow from operating activities is $11.00 assuming the weighted-average inventory cost flow method is used. B. Cash flow from operating activities is $10.00 assuming the LIFO inventory cost flow method is used. C. Cash flow from operating activities is $12.00 assuming the FIFO inventory cost flow method is used. D. The amount of cash flow from operating activities is not affected by the inventory cost flow method chosen.