When the balance of a petty cash fund is increased, the entry would contain a credit to Petty Cash
Indicate whether the statement is true or false
False
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Which one of the following statements is true?
a. The flow of inventory costs should match the physical flow of the merchandise. b. Accounting standards require that merchandise costs be specifically traced to units left in inventory and to units that have been sold. c. Accountants have developed methods which make assumptions concerning how costs should be assigned to inventory and cost of goods sold. d. Alternative inventory cost flow assumptions have the same effect on the amount of net income reported.
High-contact encounters between customers and service organizations differ sharply from low-contact encounters
Indicate whether the statement is true or false
In the context of individual influences on consumer buying decisions, personal characteristics are generally stable over the course of one's life
Indicate whether the statement is true or false a. True b. False
An example of an internal control weakness is to assign the human resource department responsibility for:
A. Interviewing employees for jobs. B. Hiring personnel. C. Maintaining time cards. D. Authorizing deductions from pay.