Substantive procedures to examine the cutoff assertion for accounts payable include
A. Selecting a sample of vouchers and agreeing them to authorized purchase orders.
B. Selecting a sample of vouchers and agreeing them to the purchases journal.
C. Selecting a sample of receiving reports around year-end and comparing dates on related
vouchers to dates in the purchases journal.
D. Recomputing the mathematical accuracy of a sample of vendor invoices.
C. Selecting a sample of receiving reports around year-end and comparing dates on related
vouchers to dates in the purchases journal.
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Which of the following would be an example of cash outflows from investing activities?
a. cash paid for new equipment; b. cash paid for inventory; c. cash paid for dividends; d. cash paid for interest on a mortgage; e. cash paid for income taxes
What is the goal of websites like Glassdoor and Just Capital?
a. providing guidelines for ethical behavior that companies can follow b. granting tax breaks to companies with good ethical reputations c. increasing LGBT representation in companies d. forcing transparency on the ethics of many companies
The Pacific division has the following income statement for the last quarter:The company's average operating assets for the period were $270,000. The company requires a minimum rate of return of 13%. What was the division's residual income for the quarter?
a.$36,600 b.$24,900 c.$23,600 d.$29,800 e.None of the answers are correct.
Imaging refers to:
a. pretending to be someone else. b. deliberately picturing your life as you would like it to be. c. None of the answers are correct. d. taking pictures of yourself at various stages of your life.