Which check is not an input control?
a. reasonableness check
b. validity check.
c. spooling check
d. missing data check
C
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161. On July 1 of the current calendar year, Olive Co. paid $7,500 cash for management services to be performed over a two-year period beginning July 1. Olive follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry on December 31 of the current year for Olive would include:
A. A credit to a liability and a debit to a prepaid expense for $1,875. B. A debit to a prepaid expense and a credit to Cash for $5,625. C. A debit to a prepaid expense and a credit to an expense for $1,875. D. A debit to an expense and a credit to a prepaid expense for $1,875. E. A debit to an expense and a credit to a prepaid expense for $5,625.
Which of the following is NOT true of the Sophists?
A) They were masters of rhetoric and reasoning. B) They established a model for today's lobbyists. C) They gathered in the amphitheaters to extol the virtues of political candidates. D) They were not elected to leadership positions because they were good speakers.
________ law is one of the five major families of law
A) Capitalist B) Socialist C) Criminal D) Sectarian
A cash management strategy attempts to earn the most interest in choosing liquid deposits
Indicate whether the statement is true or false.