Which of the following is NOT a reason why paying by check is an important internal control?
A) The check provides a record of the payment.
B) The check must be signed by an authorized official.
C) Before signing the check, the purchasing agent reviews the invoice or other evidence supporting the payment.
D) All of the above statements are correct.
C) Before signing the check, the purchasing agent reviews the invoice or other evidence supporting the payment.
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Cash flows from operating activities usually relate to an increase or decrease in either a current asset or a current liability
a. True b. False Indicate whether the statement is true or false
Which of the following is not an advantage of franchising?
A) The franchisee has access to the franchisor's knowledge and resources. B) The franchisor gets major tax advantages. C) The franchisor can reach new markets. D) Consumers are assured of uniform product quality.
A business corporation can be incorporated under either state law or federal law
Indicate whether the statement is true or false
Suppose a study gives the following summary: Sxy = 0.85, Sxx = 7.5, Syy = 6.2. What is the value for the correlation coefficient, ryx?
a. ryx = 0.12
b.r = 0.014
c. ryx = 0.018
d. ryx = 50.4