An example of a transposition is
A. presenting the cash account at $1,500 instead of $15,000.
B. presenting prepaid insurance at $920 instead of $290.
C. incorrectly posting a credit amount as a debit amount in the general ledger.
D. not journalizing a sales transaction at all.
Answer: B
You might also like to view...
Answer the following statements true (T) or false (F)
1. Recent research found that people working in a low-trust environment tend to exhibit fewer counterproductive behaviors like absenteeism and social loafing. 2. Disposition-based trust occurs when people put their faith in others based on feelings and emotions. 3. A mediator is a neutral third party who attempts to assist parties in a negotiation to find a resolution, but has no right to impose his or her views on the parties. 4. Although negotiation is included in the textbook, very few people actually engage in negotiation during the course of their career. 5. To engage in integrative bargaining, it is important to separate the people from the problem.
Sade needs to hire some semiskilled workers from the local area. She wants to keep the price of advertising low and not attract any applicants from out of state. Her best external recruitment source would be ______.
A. specialized publications B. the Internet C. local mass media D. public agencies
All of the following are mistakes commonly made during negotiations except
a. understanding translation problems. b. assuming understanding by the other culture. c. culturally insensitive comments. d. nonverbal unfamiliarity.
A company's ability to issue unsecured debt depends on its credit standing.
Answer the following statement true (T) or false (F)