A liability cannot be divided between current and noncurrent liabilities.
Answer the following statement true (T) or false (F)
False
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An analytical report that considers options and identifies a course of potential action is a(n) _____ report
A) feasibility B) evaluation C) progress D) minutes E) recommendation
Which of the following is a true statement?
a. The SEC initially required the accounting profession to consult with it before setting any specific accounting principles. b. The SEC was created by Congress to oversee the accounting profession. c. The SEC was given authority to prescribe the form and content of financial information filed with the SEC. d. The SEC formed the Committee on Accounting Procedure to develop a comprehensive set of accounting principles.
Do not use an ellipsis if doing so _______________ a sentence, phrase, or paragraph
a. lengthens b. distracts from c. changes the meaning of d. emphasizes
QUARTERLY TASKS: Verify the A/R, Inventory & A/P subsidiary ledger balances agree with the trial balance; document this in your Word document of March questions.
Example: Show the comparison by using snips of the reports**, this will prepare you for more detail comparisons with payroll reports in July. **QuickBooks has many reports; review the variety of reports in the different areas, e.g., Company & Financial, Customers & Receivables… As measures of internal control: a) “Print” (create PDF or Excel) report of quarterly numerically sorted invoices from the Customer Center/Transactions/Invoice (see bottom of QuickBooks screen for report) to ensure all invoices accounted for. b) “Print” quarterly check detail report for Dave’s review for reasonableness of payees and amounts, Dave initials report (hint: export to Excel to enter initials or PDF and enter text).