Authorization for a cash disbursement occurs in the cash disbursement department upon receipt of the supplier's invoice
Indicate whether the statement is true or false
F
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Explain the components of report text.
What will be an ideal response?
A cost management system
a. is finalized when the information currently being produced is the same as the information currently desired. b. can be generically designed to fit the information needs of the majority of domestic (but not global) organizations. c. must be continuously improved to adapt to changes in an organization's internal and external environment. d. that has been appropriately designed from gap analysis, does not need to be changed unless there is a change in organizational management or culture.
Huong owns a farm in Idaha, with a farmhouse, barn, and other structures permanently attached. Huong grows corn on the property. Land includes
a. the corn, the soil, and the structures. b. the corn and the soil only. c. the soil only. d. the structures and the soil only.
Pelcher Co. maintains a $400 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $110 for office supplies, $140 for merchandise inventory, and $70 for miscellaneous expenses. There is a cash overage of $4. Based on this information, the amount of cash in the fund before the replenishment is:
A. $76. B. $400. C. $320. D. $80. E. $84.