The amount in the Dividends account should be carried over from the adjusted trial balance of the 10-column work sheet to which of the following columns?
a. Income statement as a debit
b. Income statement as a credit
c. Balance sheet as a debit
d. Balance sheet as a credit
c
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The ____________________ column in the combination journal is used to debit accounts that are used infrequently
Fill in the blank(s) with correct word
Which of the following questions is best asked of employees during the step “gather a list of ethical behaviors from participants” in the process of making a code of ethics?
a. “Describe a situation when you behaved very ethical toward a customer.” b. “Describe a situation when you observed someone in the organization behave unethically toward a customer.” c. “Describe a situation when you behaved unethically toward a customer.” d. “Tell us what you think constitutes an ethical behavior.”
What accounting concept justifies the use of accruals and deferrals?
a. Going-concern assumption b. Corporate form of organization c. Consistency characteristic d. Arm's-length transactions
Self-control, clan control, and standing plans are measured in what control frequency?
a. periodic b. occasional c. constant d. each is a different control frequency