A check was written by a business for $507 but was recorded in the journal as $705. How would this error be included on the bank reconciliation?
A) a deduction on the bank side
B) an addition on the book side
C) an addition on the bank side
D) a deduction on the book side
B) an addition on the book side
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Emerson Studios has designed its marketing organization along the lines of a ________ organization in which operational specialists head different marketing activities
A) geographic B) product C) functional D) customer E) market
Privately owned companies
A) are required to have an independent CPA audit their financial statements. B) are required to have their internal control systems audited. C) are required to have both the financial statements and internal control systems audited. D) are not required to do any of these.
The inventory turnover ratio is calculated as:
A. Cost of goods sold divided by average merchandise inventory. B. Ending inventory divided by cost of goods sold. C. Sales divided by cost of goods sold. D. Cost of goods sold divided by ending inventory. E. Cost of goods sold divided by ending inventory times 365.
The power curve provides the probability of
A. correctly accepting the null hypothesis. B. incorrectly accepting the null hypothesis. C. incorrectly rejecting the null hypothesis. D. correctly rejecting the null hypothesis.