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Indicate whether the statement is true or false


False

Business

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On September 30 the bank statement of Fine Company showed a balance of $8450. The following information was revealed by comparing the bank statement to the cash balance in Fine's accounting records:Deposits in transit amounted to $3615 Outstanding checks amounted to $6950 A $600 check was incorrectly drawn on Fine's account NSF checks returned by the bank were $860 The bank service charge was $33 Credit memo for $100 for the collection of one of the company's account receivable What is the true cash balance?

A. $5782 B. $7357 C. $5715 D. $4922

Business

A(n) ________ is composed of steps that are conditional

A) Alternate flow B) Sub-flow C) Normal flow D) Exception flow

Business

Which of the following are true of ERDs?

A) They often communicate better than words B) You should always keep a history of ERDs as part of your documentation C) Both A and B D) None of the above

Business

Under the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934, a CPA may be liable if the CPA acted

A.  Negligently. B.  With independence. C.  Without due diligence. D.  Without good faith.

Business