All of the following are examples of programmed reports except
a. cash flow reports for Division B
b. year-to-date local income tax payments made by all employees living in City X and working in City Y
c. inventory exception reports for Division G
d. equipment utilization reports for Plant M
B
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The current period's ending inventory is:
A. The current period's beginning inventory. B. The current period's cost of goods sold. C. The next period's beginning inventory. D. The prior period's beginning inventory. E. The current period's net purchases.
The SUM function in Excel
a. adds up all the numbers in the cells diagonally. b. adds up only positive numbers in a range of cells. c. adds up all the numbers in a range of cells. d. adds up the cells specified by a given condition or criteria.
An example of a self-review threat is:
A. Establishing and maintaining the internal controls for the client B. Preparing source documents used to generate the client's financial statements C. Promoting the client's securities through investment banking activities D. Borrowing money from the client
A flood (federally declared disaster) destroyed an antique Persian rug owned by Mr. and Mrs. McConnell. The couple purchased the rug for $13,000 fifteen years ago, but its appraised FMV before the flood was $42,500. Unfortunately, their homeowners' insurance policy does not cover flood damage. Compute the McConnells' casualty loss (before the 10% AGI threshold).
A. $12,900 B. $42,000 C. $13,000 D. $41,900