When the AP/CD process records a payable obligation, the data flow between "validate invoice" and "record payable" is?
a. GL payable update
b. AP notification
c. validated vendor invoice
d. receiving report
C
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Technology touches few aspects of life in most developed countries around the world.
Answer the following statement true (T) or false (F)
Segmenting business markets requires a much greater level of complexity than segmenting consumer markets
Indicate whether the statement is true or false
Assume that a firm uses the accrual basis of accounting. Indicate the amount of expense the firm recognizes during the month of November for each independent transaction
a. Rent of $3,600 is paid on November 1 for the months November through January. b. Inventory costing $2,500 is ordered on account. The invoice is received on November 25 and the goods are received on December 5. c. Insurance premium of $900 is paid for a full year of coverage starting November 1. d. On December 3, an invoice for November utilities of $325 is received. e. On November 1, supplies costing $2,200 are purchased. At November 30, $500 of supplies remained on hand.
Managers frequently cite which of the following reason(s) for using off-balance sheet financing?
a. Some managers believe that it might lower the cost of borrowing. b. Lower borrowing costs might result if lenders ignore off-balance-sheet financing. c. Lower borrowing costs might result if lenders are unaware of off-balance sheet financing: because borrowers do not disclose it. d. Off-balance-sheet financing might lead lenders to set interest rates for loans lower than the underlying risk levels warrant. e. all of the above