Silence can never indicate acceptance of an offer
Indicate whether the statement is true or false
F
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The Dinho Corporation identified the following data when preparing their April bank reconciliation: Bank statement balance $45,000 Dinho's book balance (before adjustments) ? Outstanding checks 4,500 NSF checks 1,400 Service charges 300 Deposits in transit 5,000 Interest earned on checking account 25 In addition, Dinho incorrectly recorded a deposit in its books in the amount of $1,000 . The
correct amount was recorded by the bank as $1,200. What is the net amount of the adjustment to Dinho's cash balance as a result of the bank reconciliation? a. $1,675 increase b. $1,700 increase c. $1,675 decrease d. $1,475 decrease
A manufacturing company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Accounts Payable can be taken from the ________.
A) production budget and cost of goods sold budget B) financial budget C) cash budget D) selling and administrative expenses budget
In terms of ethical theory, lofty compensation packages have a utilitarian function when they act as incentives for executives to produce greater overall results.
Answer the following statement true (T) or false (F)
Goods on consignment should be included in the inventory of
a. the consignor but not the consignee. b. the consignee but not the consignor. c. both the consignor and the consignee. d. neither the consignor nor the consignee.