Which audit needs to be conducted when the store is open?
a. determining shortages
b. determining the efficiency of a new lighting system
c. analyzing a point-of-sale system in handling price changes
d. analyzing the extent of employee turnover
c
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XYZ Corp made cash sales to customers. What effect does this transaction have on the accounting equation?
a. Liabilities increase and stockholders' equity increases. b. There is no effect on the accounting equation as one asset account increases while another asset account decreases. c. Assets increase and liabilities increase. d. Assets increase and stockholders' equity increases.
Define the term "equivalent unit" as it relates to process costing along with a simple numerical example of its calculation
Which of the following initializes the variable order?
A. DECLARE order NUMBER(2); departure DATE; BEGIN ---- executable statements --- END; B. DECLARE order NUMBER(2) = 0; departure DATE; BEGIN ---- executable statements --- END; C. DECLARE order NUMBER(2) =: 0; departure DATE; BEGIN ---- executable statements --- END; D. DECLARE order NUMBER(2) := 0; departure DATE; BEGIN ---- executable statements --- END;
A contract is a mere promise between two or more persons who have the capacity to contract
Indicate whether the statement is true or false