In a voucher system, the data flow between the originating department and the process "prepare disbursement voucher" typically is:
a. the disbursement voucher
b. the payment notification
c. the payment request
d. the check
C
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Under current GAAP, volatility in asset returns translates directly into net income volatility because the actual return on plan assets reduces pension expense.
Answer the following statement true (T) or false (F)
A trial balance is a(an)
a. optional financial statement used only by accountants. b. financial statement which can be used in place of a balance sheet. c. list of accounts and their balances taken from the chart of accounts. d. document used to prove the equality of debits and credits in the general ledger.
An assistant heard his supervisor in the supply room yell, "Call Crate & Barrel - we need another case of its coffee mugs for the conference next week." The supervisor was asking the assistant to make a
A. make-buy. B. modified rebuy. C. standard reorder. D. straight rebuy. E. new buy.
With a ________ pricing strategy, marketers set a low initial price for the introduction of a new product or service.
A. price fixing B. reference C. bundling D. market penetration E. skimming