______________________________ means that before a receipt can be accepted and recorded, the receipt data should be compared with the PO master data to determine that an approved PO, prepared by someone other than receiving personnel, is on file

Fill in the blank(s) with correct word


Independent authorization to record receipt

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Based on the information concerning Snowflake Corp by what amount would Penguin increase depreciable assets when it consolidates Snowflake on the acquisition date?

a. $1,775,000 b. $475,000 c. $2,250,000 d. $375,000

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Vinson Manufacturing requires all capital investment projects to have a payback period of 5 years or less. Vinson is currently considering an equipment purchase that has an initial cost of $90,000. The equipment is expected to have a ten year life and a salvage value of $5,000. Assuming cash flows are equal, what does the annual cash flow generated by the equipment need to be in order to meet the

payback period requirements? A) $18,000 B) $19,000 C) $17,000 D) $9,000

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The Private Securities Litigation Reform Act of 1995 ________

A) enables private investors to sue public corporations for securities violations B) enables the Securities and Exchange Commission to sue private corporations for securities violations C) provides a safe harbor from liability for companies that make statements to the public about future risk factors D) provides payment of punitive damages and attorney fees to successful plaintiffs in cases of securities litigation

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Erick, the night supervisor at Harold's Hamburgers, believes that black people are unreliable and therefore avoids hiring them. In this scenario, Erick is displaying ________.

A. sexism B. racism C. bigotry D. nepotism

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