Which of the following does NOT describe a transposition?
A. It is an error.
B. It causes the difference between the debit total and the credit total to be divisible by 2.
C. It causes the trial balance to be out of balance.
D. It involves misplaced digits in a number.
Answer: B
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A production department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage of production and 5,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
A. 6,500 units. B. 10,500 units. C. 13,000 units. D. 5,500 units. E. 9,000 units.
In business environments operating within a ______ culture, there is less emphasis on interpersonal relationships and more on the individual.
A. social context B. low-context C. euphemism context D. high-context
Objectivity and transparency are elements of which financial value?
A. don’t be stupid B. tell the truth C. find fraud and expose liars D. temper optimism
A(n) ________ is an explanation or justification provided as support for conclusion
A) issue B) fact C) analogy D) reason