In preparing a monthly bank reconciliation, which of the following items would be added to the balance reported on the bank statement to arrive at the correct cash balance?
a. Outstanding checks
b. Bank service charge
c. Deposits in transit
d. A customer's note collected by the bank on behalf of the depositor
C
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Which of the following concepts is important to accrual accounting?
a. Time period, because accrual accounting divides earnings into time periods b. Monetary unit, because inflation is a big factor in the environment c. Cash basis, because if cash is not received, revenue is not accrued d. Entity concept, because personal transactions must be separated from business transactions
SEM can be thought of as a combination of Discriminant analysis and cluster analysis
Indicate whether the statement is true or false
The manipulation of biological processes to produce organisms for commercial use is known as biotechnology and is subject to EPA rules under the Toxic Substances Control Act
a. True b. False Indicate whether the statement is true or false
_____ measures the degree to which the output of a process meets customer requirements
A) Learning B) Innovation C) Variability D) Quality