When a source document provides authority for a business activity to occur, the source document is said to ______________________________ the activity
Fill in the blank(s) with correct word
trigger
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Which one of the following procedures is incorrect for setting up and maintaining a petty cash fund?
a. A check is prepared for a fixed amount; when the check is cashed, the money is entrusted to a petty cash custodian. b. An entry is recorded to establish the fund and obtain the cash. c. When appropriate documentation is presented, cash payments are made from the fund; the petty cash custodian retains the documentation. d. When the petty cash fund is replenished, an entry is recorded to recognize an increase in the petty cash account.
The textbook cites the McDonald’s McAfrika sandwich as an example of a product failure to illustrate ______.
A. the importance of regular, not pita, bread in sandwiches B. the importance of naming the product appropriately C. the lack of sensitivity by including tomatoes in the sandwich, which may be harmful to people allergic to tomatoes D. the impact of not having fries to go with the sandwich
Stream City, Inc. is an independent business that takes title to products and carries inventories. Stream City, Inc. is most likely a(n)
A. industrial distributor. B. intermediary. C. agency. D. wholesaler. E. producer.
How do you determine a bond's valuation?
What will be an ideal response?