The account used to record the discrepancies that will occasionally occur between the amounts deposited and amounts shown on cash register tapes is called ____________________
Fill in the blank(s) with correct word
Cash Over and Short
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Cash interest is computed annually when a bond is issued for other than its face value. For a bond issued at a premium, how will this component change as the bond approaches maturity?
a. decrease b. increase c. remain constant d. not enough information given to decide
Under the UCC, if the time, place, and manner of delivery of goods are not mentioned in a contract, ________.
A. the place of delivery is the buyer's place of business B. the contract is void for lack of definiteness C. the place of delivery is the seller's place of business D. the seller is obligated to pay for shipping to the buyer's place of business
Which of the following is not important documentation for substantive procedures for capital stock and equity transactions?
a. Confirmations with transfer agent or shareholders. b. The client's articles of incorporation. c. A summary of the changes in equity accounts. d. A memo regarding audit ideas generated during the brainstorming session regarding potential frauds applicable to the capital stock and equity transactions.
Which of the following characteristics of electronic commerce creates customer value by contributing to time and place utility?
A. Products available in the marketspace are more easily customized. B. Electronic commerce makes products and services available to customers faster. C. Consumers can tell marketers exactly what they want in the marketspace. D. Customers can shop in the marketspace anywhere at any time. E. Comparison shopping is easier in the marketspace than in the marketplace.