When should check boxes be used in a form? When should option buttons be used?
What will be an ideal response?
Check boxes should be used when more than one value can be selected at a time. Option buttons should be used when only one option can be chosen at a time.
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The use of a separate payroll bank account is not an advantageous control, because it creates more complexity inreconciliation functions for a company and invites theft
a. True b. False Indicate whether the statement is true or false
The amount of net income will be the same regardless of whether the cash or accrual basis of accounting is used
Indicate whether the statement is true or false
In horizontal analysis, the base year is the most current year being examined
Indicate whether the statement is true or false
Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold$735,000 Merchandise inventory, January 1 84,700 Merchandise inventory, December 31 82,400 Accounts payable, January 1 54,500 Accounts payable, December 31 60,200
A. $737,300. B. $732,700. C. $727,000. D. $726,300. E. $737,700.