A strong system of internal control requires that all payments be made by check except those made from a carefully controlled cash fund, such as a petty cash fund.
Answer the following statement true (T) or false (F)
True
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Regarding the international division structure
A. conflicts tend to be minimized within the firm. B. by operating separately from the domestic operations, it prevents disagreements from arising regarding product design. C. most companies move away from an international division and adopt a global function structure. D. disagreements may be encountered regarding prices charged to the international division by the domestic unit. E. the challenges of managing the international division diminish as larger size and scale are achieved.
The Supreme Court's approach during the period from the 1950s through the 1970s in deciding cases on constitutional grounds is described as
a. judicial restraint. b. judicial activism. c. judicial review. d. the dormant aspect of its judicial power.
A balanced trial balance is proof that no errors were made in journalizing transactions, posting to the ledger, and preparing the trial balance.
Answer the following statement true (T) or false (F)
Explain the recurring costs of home ownership and why you need to budget for them
What will be an ideal response?