Which of the following is NOT a control over the risk of unauthorized inventory purchases?
a. Transaction authorization
b. Automated purchase approval
c. Scanner technology
d. All of the above are controls over the risk of unauthorized inventory purchases.
C
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Which of the following is not a federal administrative agency?
A. WWE B. FCC C. Congress D. FTC
In a capitalist economy,private-sector businesses are free todecide how much they will charge for their products.
Answer the following statement true (T) or false (F)
Suppose that you purchased a machine several years ago for your company. You recently sold the machine for more than you paid. This is an example of a
A) capital carry-forward. B) non-taxable gain. C) capital gain. D) windfall. E) none of the above.
The following condensed balance sheet is presented for the partnership of H, I, and J who share profits and losses in the ratio of 4:3:3, respectively: Cash$50,000 Other Assets 300,000 Total$350,000 Liabilities$80,000 H, Capital 150,000 I, Capital 70,000 J, Capital 50,000 Total$350,000 The partners agree to liquidate the partnership after selling the other assets.Refer to the above information. If the other assets are sold for $200,000, how much should J receive upon liquidation?
A. $20,000 B. $30,000 C. $15,000 D. $50,000