When writing complex procedures that should be completed in a particular order, which method is BEST?
a. Put the procedures in bullet format.
b. Number the steps.
c. Prepare a flowchart.
d. None of the above.
C
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Chronologically, in what order are the sales, purchases, and production budgets prepared?
a. sales, purchases, production b. sales, production, purchases c. production, sales, purchases d. purchases, sales, production
A debit entry is always an increase in the account.
Answer the following statement true (T) or false (F)
If you needed to create a statement of accounts that would be printed at the end of each month, what Access tool would you use?
A. QBE tools B. Reports C. Word processor D. Editing tools
Stosch Company's balance sheet reported assets of $127,000, liabilities of $32,000 and common stock of $29,000 as of December 31, Year 1. If Retained Earnings on the balance sheet as of December 31, Year 2, amount to $86,000 and Stosch paid a $31,000 dividend during Year 2, then the amount of net income for Year 2 was which of the following?
A. $51,000 B. $66,000 C. $31,000 D. $20,000