Which of the following items would cause the balance of cash in the bank statement not to equal the balance of cash in the accounting records?
A. The company has cash receipts that have been deposited in the bank.
B. The company deposited a customer check that was found by the bank to have insufficient funds.
C. The company purchased supplies using a debit card.
D. The company wrote checks that have cleared the bank.
Answer: B
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Which of the following statements about standards is False?
a. The difference between actual quantity, price or rate and its related standard is called a fluctuation. b. The quantity variances show how much money the company lost (or saved) because the used a different amount of material than they planned to use. c. The rate variance shows how much money the company lost (or saved) because they paid the employees a different amount per hour than they planned to pay. d. Choices b and c are both true.
Describe how high-performance work systems (HPWSs) can create competitive advantage for an organization.
What will be an ideal response?
Random variation in a process is referred to as?
a. Assignable variation b. Nonspecific variation c. Specific variation d. Natural variation
Which common law approach leads to increased CPA liability to "foreseeable" third parties for ordinary negligence?
A. Restatement of Torts. B. Ultramares v. Touche. C. Rule 10b-5. D. Rosenblum v. Adler.