The financial statements of an organization reflect a set of management assertions about the financial health of the business. All of the following describe types of assertions except
a. that all of the assets and equities on the balance sheet exist
b. that all employees are properly trained to carry out their assigned duties
c. that all transactions on the income statement actually occurred
d. that all allocated amounts such as depreciation are calculated on a systematic and rational basis
B
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A subsidiary ledger is ________.
A) an accounting journal designed to record a specific type of transaction B) a created list of accounts used by a business entity to define each class of items for which cash is spent or received C) a complete record of business transactions recorded in a ledger over the life of a company D) a record of accounts that provide supporting details on individual balances, the total of which appears in a general ledger account
Briefly explain the various strategies MPR professionals use when organizing information in a backgrounder
What will be an ideal response?
Organizational objectives must fit together, and this requires that the efforts of everyone must be interwoven, or _________________________.
Fill in the blank(s) with the appropriate word(s).
The ________ rule sequences jobs in decreasing order of the ratio of the job's cost per unit of time in the system to its processing time.
A. first-come-first-served B. longest processing time C. weighted shortest processing time D. shortest processing time