What does the term skew mean?
a.Significantly distort
b.Divide
c.Add
d.Equalize
ANS:A
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The cost that is avoided when a company eliminates a single item of a product or service is a:
A. Batch-level cost. B. Facility-level cost. C. Product-level cost. D. Unit-level cost.
First Corporation had Retained Earnings at the end of December 31, 2018 of $900,000. During 2019, the company had net income of $340,000 and declared dividends of $40,000. The amount of Retained Earnings reported on the balance sheet as of December 31, 2019 will be:
A. $1,200,000. B. $860,000. C. $1,280,000. D. $1,240,000.
Source documents:
A. Are input devices. B. Cannot be electronic files or web communications. C. Convert information to the system's processing component. D. Store processed information for future use. E. Provide the information processed by an accounting system.
Under the UCC, all of the following have the right to enforce payment of an instrument EXCEPT
A. a holder of the instrument. B. anyone to whom the shelter rule applies. C. a holder who has lost the instrument. D. a holder who intentionally destroys the instrument..