Footing is an example of:
A. Analytical procedures.
B. Recalculation.
C. Confirmation.
D. Inquiries.
Answer: B
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The amount in the Dividends account should be carried over from the adjusted trial balance of the 10-column work sheet to which of the following columns?
a. Income statement as a debit b. Income statement as a credit c. Balance sheet as a debit d. Balance sheet as a credit
_____ is the authoritygranted by a domestic firm to an overseas firm for the rights to produce and market its product or to use its trademark/patent rights in a defined geographical area.
A. Foreign franchising B. Foreign licensing C. Outsourcing D. Offshoring
An example of special-purpose equipment for a carbonated beverage company is a
A. refrigerator that keeps the product at the appropriate temperature. B. bottling machine that adjusts pressure for different flavors. C. an assembly line moving the beverages to the loading dock. D. mixer that combines the ingredients in the proper order.
The organic food industry in Canada has an obligation to protect the interest of its consumers. This form of regulation is:
A) Self-regulation involving stakeholders B) Laissez-faire market C) Corporate self-discipline D) Industry E) Negotiated self-regulation