A disbursement voucher is designed to reflect formal approval of the voucher for payment and to provide such added data as the account distribution and the amounts to be debited
Indicate whether the statement is true or false
T
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Hawk Corp prepared a draft of its 2014 balance sheet. The draft statement reported current liabilities totaling $200,000 . However, none of the following items were included in this preliminary total at December 31 . 2014: Accounts payable ........................................ $30,000 Bonds payable, due 2015 ................................. 50,000 Discount on bonds payable, due 2015
..................... 6,000 Dividends payable on January 31 . 2015 ................... 16,000 Notes payable, due 2016 ................................. 40,000 At which amount should Hawk's current liabilities be correctly reported in the December 31 . 2014, balance sheet? a. $230,000 b. $290,000 c. $296,000 d. $302,000
When does a patent enter the public domain?
A) when the patent has been challenged in court and found to be an infringement B) when the patent term period has expired C) when the government deems that the practical purpose of the invention is universally applicable and cannot be controlled by one individual or group of people D) when the invention is either obvious or not a novel one
Horizontal analysis is a technique for evaluating a series of financial statement data over a period of time
A) that has been arranged from the highest amount to the lowest amount. B) that has been arranged from lowest amount to the highest amount. C) to determine which items are in error. D) to determine the amount and/or percentage increase or decrease that has taken place.
Canada and Mexico are the same distance from the United States, but trade is higher between the United States and Canada than with Mexico because
A. true distance is smaller between the United States and Canada. B. Americans prefer Canadian food to Mexican food. C. all three countries share the same legal system. D. there are few immigration problems with Mexico.