Which of the following is generally considered a best practice while handling documentary evidence?

a. Copies of the document should be used during the investigation and trial and should be kept in the same file where the original is kept.
b. Photocopies are always preferable to original documents as evidence, as the original could be tampered with.
c. Copies of the document should not be made and only the original document should be used during investigation and trial.
d. Generally, a summary of the original document should be made for investigation and trial.


a
FEEDBACK: a. Correct.
b. Incorrect.
c. Incorrect.
d. Incorrect.

Business

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Answer the following statement true (T) or false (F)

Business

Athletic Accessories has the following transactions related to investments in common stock.  May 1Purchases 5,000 shares (insignificant influence) of Endurance Wear ?common stock for $22 per share.  June 30Receives a cash dividend of $1 per share.October 18Sells 2,000 shares of Endurance Wear common stock at $25 per share.December 31Adjusts the investments to fair value. The fair value of Endurance Wear ?common stock is now $30 per share.1.Record each of these transactions, including an entry on December 31 to adjust the investment to fair value. 2.Calculate the balance of the investment account on December 31.

What will be an ideal response?

Business

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Indicate whether the statement is true or false

Business

Kubes Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $90,000, variable manufacturing overhead of $3.50 per direct labor-hour, and 30,000 direct labor-hours. The company has provided the following data concerning Job A477 which was recently completed:Total direct labor-hours100Direct materials$ 520Direct labor cost$ 2,800 The amount of overhead applied to Job A477 is closest to:

A. $1,000 B. $650 C. $300 D. $350

Business