Which of the following is a test of controls for the transaction assertion of completeness for revenue?
A. Review sales orders for proper credit approval.
B. Examine reconciliation of subsidiary ledger to general ledger control account.
C. Trace shipping documents to sales invoices and the sales journal.
D. Test a sample of sales invoices for authorized customer orders.
Answer: C
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Prepare the journal entries for the following petty cash transactions of City Coffee Shop. Omit explanation.
What will be an ideal response?
Managers need to consider how the four design decisions influence the structure of their organizations. In a similar vein, there are three dimensions of organizational structure that interact with these design decisions, namely ________.
A. division of labor, delegation of authority, departmentalization, and span of control B. formalization, centralization, and delegation of authority C. centralization, complexity, and span of control D. formalization, centralization, and complexity
What value of the bullwhip measure would indicate that the bullwhip effect exists?
A) greater than 1 B) greater than 0 C) less than 0 D) less than 1 E) 1
Which of the following is NOT a logistical and transportation problem experienced by companies with operations in overseas locations?
a. congestion in ports b. dock strikes c. lack of product demand d. risk of piracy