Only one copy of the prelist should be prepared when an employee opens mail with customer payments to avoid complexity in the accounting system and maintain control
a. True
b. False
Indicate whether the statement is true or false
False
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The following transactions occurred during March, the first month of operations for Canyon Products, Inc: 1 . Issued 50,000 shares of capital stock in exchange for $600,000 cash 2 . Purchased land for $400,000, using a $150,000 cash down payment and signing a note payable for the balance. 3 . Made a $60,000 cash payment on the note payable from the purchase of land. 4 . Purchased equipment on
credit from Burton, Inc for $63,000. What is the balance in the Cash account at the end of March? a. $810,000 b. $210,000 c. $600,000 d. $390,000
________ involves the transformation of data to create new variables or modify existing ones
A) Transformational displacement B) Transform and reform C) Transform and modify D) Variable streamlining E) Variable respecification
Which of the following audit procedures is best for identifying unrecorded trade accounts payable?
A. Examining unusual relationships between monthly accounts payable balances and recorded cash payments. B. Investigating payables recorded just prior to and just subsequent to the balance sheet date to determine whether they are supported by receiving reports. C. Reviewing cash disbursements recorded subsequent to the balance sheet date to determine whether the related payable applies to the prior period. D. Reconciling vendors' statements to the file of receiving reports to identify items received just prior to the balance sheet date.
Transportation companies like J.B. Hunt continuously look for ways to increase fuel efficiency. This environmentally friendly business approach is most in line with a(n) ________ strategy.
A. Environmental cost leadership B. Green marketing C. Eco-efficiency D. Eco-branding E. Sustainable value innovation