When recording the reimbursement of the petty cash fund, the accountant
a. credits Petty Cash Fund.
b. credits the accounts for which the payments were made.
c. debits Petty Cash Fund.
d. debits the accounts for which the payments were made.
d
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A conglomerate corporation must make retrospective adjustments to account for a material change in reporting entity every year that it adds a new subsidiary or sells off a formerly owned subsidiary
Indicate whether the statement is true or false
Conflict, red tape, and highly political environments are all examples of what type of stressor?
A. task B. hindrance C. challenge D. obstruct
An understatement of year 1's ending inventory will
A) cause year 2's cost of goods sold to be overstated. B) result in an understatement of year 2's beginning inventory. C) not affect year 2's ending owner's equity. D) have no effect on year 2's gross margin.
Which of the following guidelines about overcoming intercultural barriers is NOT appropriate?
a. One should study and learn about a person's culture. b. The person should seek help from a trusted friend who understands the other person's culture. c. One should be patient and tolerant of ambiguity. d. One should help the other person overcome his or her cultural barriers by conforming to the new culture.