The acquisition cycle begins with which of the following?
a. A payment.
b. A purchase order.
c. A requisition.
d. A receiving report.
c
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Which of the following items need not be reported separately at the bottom of the income statement?
a. Profitability ratios b. Discontinued operations c. Extraordinary gains and losses d. Cumulative effect of a change in accounting principle
A $500,000, 5% bond issue was sold at face value and later redeemed at 104% of face value. The corporation would have a
a. gain of $20,000; b. loss of $20,000; c. loss of $25,000; d. gain of $25,000; e. none of these.
A strong vision and a good mission statement are critical parts of the ______ planning process.
A. environmental B. mission C. informal D. strategic
In the early days of word processing, material was input into the system by _____________________
A. Word processing originators B. Word processing secretaries C. Word processing technicians D. Word processing specialists