The statistically determined sample size is the net or final sample size?the sample remaining after eliminating potential respondents who do not qualify or who do not complete the interview
Indicate whether the statement is true or false
TRUE
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After closing the temporary owners' equity accounts into Income Summary, and after allocating the net income and closing the partners' drawing accounts, assume the partners' capital accounts had credit balances as follows: Peluso, $20,000; Odin, $30,000; Nazaro, $45,000 . Partners share profits and losses as follows: Peluso, 20%; Odin, 30%; and Nazaro, 50%. If Peluso purchased Nazaro's interest
in the partnership for $40,000 cash, the amount entered in Nazaro's capital account is a a. $5,000 debit. b. $40,000 debit. c. $40,000 credit. d. $45,000 debit.
If a company sells its 20-year bonds at a discount, how is the discount account reported on the balance sheet?
A) unearned liability B) addition to the bonds payable C) accrued expense D) deduction from bonds payable
Which of the following is an example of a register-disbursement scheme?
a. A perpetrator who processes transactions as if a customer were returning merchandise, even though there is no actual return. b. A perpetrator uses the expense register to falsely record expenses that are then paid out by the A/P department. c. A perpetrator physically prepares a check from the check register claiming it is a legitimate expense when it is not. d. A perpetrator slowly takes money from the register drawer after making regular sales, showing that a discount was given to a customer on the receipt.
Transfer prices are used for internal decisions and performance evaluation purposes and are not made known to the outside world
Indicate whether the statement is true or false