No journal entries are required for the reconciling items on the bank side because ________.

A) those transactions have already been recorded in the companys journal
B) the adjusted balances on both sides are the same amounts
C) the amounts are immaterial
D) those transactions are already included in the bank balance


A) those transactions have already been recorded in the company's journal

Business

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Distribution resource planning (DRP) is:

A) a transportation plan to ship materials to warehouses. B) a time-phased stock replenishment plan for all levels of a distribution network. C) a shipping plan from a central warehouse to retail warehouses. D) material requirements planning with a feedback loop from distribution centers. E) a material requirements planning package used exclusively by warehouses.

Business

Health Source, Inc, offers to buy Medico Equipment & Supplies Corporation. On June 1, Medico gives Health Source copies of Medico's financial statements for the pre-vious year. The statements show an inventory of $10 million. On June 15, Medico

discovers that the previous year's inventory is overstated by $500,000, but does not inform Health Source. On July 1, Health Source, relying on the fi-nancial statements, buys Medico. On July 10, Health Source discovers the inven-tory over-statement. Can Health Source succeed in a suit against Medico? On what basis?

Business

In the context of political risks, unlike cooperation, an avoidance strategy:

  • A. can limit the risk associated with foreign ownership of a business.
  • B. involves the use of joint ventures and collaborative contracts.
  • C. does not minimize the political uncertainty of doing business in a country.
  • D. is used when the political risks associated with a country are too great.

Business

Complex Where clauses typically involve several conditions and use which of the following

logical operators? A) =, <, >, <=, >=, != B) +, -, *, / C) And, Or D) Like, Unlike

Business