A business's source documents may include all of the following except:
A. Ledgers.
B. Sales receipts.
C. Purchase orders.
D. Checks.
E. Bank statements.
Answer: A
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The asset account, Supplies, has a balance of $700 on January 1 . During January, the company purchased $16,000 of supplies on account and the liability was appropriately recorded. A count of supplies at the end of January indicates a balance of $900 . Which one of the following is a correct amount to be reported on the company's financial statements for the month ending January 31?
a. Supplies Expense—$15,800 b. Supplies on Hand—$700 c. Accounts Payable—$15,800 d. Supplies Expense—$16,700
In a flow chart, activities or steps are usually indicated by _________________
a. squares and rectangles b. triangles and diamonds c. a series of arrows d. the color blue
A given constraint has 40 unused hours. The shadow price for this resource would most likely be zero
Indicate whether the statement is true or false
Bucolic Homes, Inc, develops a thirty-lot suburban subdivision. Bucolic wants to restrict construction on each parcel to a single-family home. Bucolic includes a declaration of this restriction on the development's map. which is filed in the appropriate public office. There is a reference to the map on each deed. This is
a. a restrictive covenant. b. eminent domain. c. a taking. d. a zoning variance.