A file that stores data used as a standard when processing transactions is
a. a reference file
b. a master file
c. a transaction file
d. an archive file
A
You might also like to view...
Customer satisfaction is considered a forward-looking marketing metric
Indicate whether the statement is true or false
The ________ is a document that includes an assessment of the marketing situation, marketing objectives, and marketing initiatives
A) marketing mix B) marketing plan C) value proposition D) value chain E) management plan
When the direct write-off method of recognizing bad debt expense is used, the entry to write off a specific customer account would
a. increase net income. b. have no effect on net income. c. increase the accounts receivable balance and increase net income. d. decrease the accounts receivable balance and decrease net income.
West Company declared a $0.50 per share cash dividend. The company has 190,000 shares issued, and 10,000 shares in treasury stock. The journal entry to record the payment of the dividend is:
A. Debit Retained Earnings $5,000; credit Common Dividends Payable $5,000. B. Debit Common Dividends Payable $90,000; credit Cash $90,000. C. Debit Retained Earnings $90,000; credit Common Dividends Payable $90,000. D. Debit Retained Earnings $95,000; credit Common Dividends Payable $95,000. E. Debit Common Dividends Payable $95,000; credit Cash $95,000.