In the financial statements, the balance of the Petty Cash account and the balance of the Cash account are shown separately
Indicate whether the statement is true or false
False
You might also like to view...
Mildred desires to have $7,049 on deposit five years from today. If she has $4,000 to deposit, what rate of interest, compounded annually, must be obtained to accumulate the desired $7,049 in five years?
A) 12% B) 10% C) 9% D) 8%
The market rate of interest for a bond issue that sells for more than its par value is
a. less than the rate stated on the bond. b. equal to the rate stated on the bond. c. higher than the rate stated on the bond. d. independent of the rate stated on the bond.
Internal control policies and procedures have limitations not including:
A. Human fraud. B. Cost-benefit principle. C. Establishing responsibilities. D. Human error. E. Collusion.
According to the doctrine of imputability, ________
A. a new state coming into existence through decolonization is under no obligation to succeed to the treaties of its former colonial power B. a state is only responsible for actions that are attributable to it C. all persons, including the sovereign, are subordinate to the rule of law D. customary international law is applicable domestically only after it is adopted by legislation, court decision, or local usage