A purchase is recognized in the accounting records when
A) payment is made for the item purchased.
B) the purchase requisition is sent to the purchasing department.
C) title transfers from the seller to the buyer.
D) the buyer receives the seller's bill.
C
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The introduction of new technologies is equally beneficial to all industries
Indicate whether the statement is true or false
Which retail assortment strategy is characterized by one-stop shopping appeals, a broad market appeal, and a high inventory investment?
a. narrow and shallow b. narrow and deep c. wide and shallow d. wide and deep
An automotive company requires that its suppliers provide component parts as needed in appropriate quantities without significant buildup of inventory. This requirement is likely associated with which concept?
a. DIMAIC b. TQM c. SCM d. JIT
Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. Increase = I Decrease = D No Effect = NA (Note that "No Effect" means that the event does not effect that element of the financial statements or that the event causes an increase in that element is offset by a decrease in that same element.)An adjusting entry recorded as a debit to Salaries Expense and a credit to Salaries Payable.Assets Liabilities Stk. Equity Revenues Expenses Net Income Stmt of Cash Flows???????
What will be an ideal response?