Which of the following is an example of an input control test?
a. sequence check
b. zero value check
c. spooling check
d. range check
D
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Western Company is preparing a cash budget for June. The company has $12,000 in cash at the beginning of June and anticipates $30,000 in cash receipts and $34,500 in cash payments during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company has no loans outstanding. To maintain the $10,000 required balance, during June the company must:
A. Repay $7,500. B. Borrow $10,000. C. Repay $2,500. D. Borrow $2,500. E. Borrow $4,500.
The entry to record the issuance of common stock for fully paid stock subscriptions is
a. a memorandum entry. b. Common Stock Subscribed, Common Stock Additional Paid-In Capital. c. Common Stock Subscribed, Subscriptions Receivable. d. Common Stock Subscribed, Common Stock.
hich principle of accounting from the AICPA communicates that a member should strive to continually improve competence and quality service?
A. principle 3: integrity B. principle 4: objectivity and independence C. principle 5: due care D. principle 6: scope and nature of services
You have just returned from an interview with a company, and you are considering the appropriateness of a thank-you letter or note. The thank-you message:?
A) ?is not necessary if you thanked the interviewer in person after the interview. B) ?should be sent promptly in order to be effective. C) ?should be sent by mail rather than an email to give you a competitive advantage. D) ?should include a reminder that the application for the job is on file.