Once an amount has been posted to the general ledger account from the combination journal, what is entered in the "Post. Ref." column of the combination journal?
a. the abbreviation "CJ"
b. your initials
c. a check mark
d. the account number
d
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If the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the present value of the same series.
Answer the following statement true (T) or false (F)
When reconciling a bank account, the company must prepare an adjusting entry for deposits in transit
a. True b. False Indicate whether the statement is true or false
When direct e-mails sent only to those customers who had agreed in advance to receive such contact, such programs are known as ________ programs
A) opt-in B) unchecked C) check-in D) pre-checked
In an income statement prepared as an internal report using the variable costing method, fixed manufacturing overhead would
a. not be used. b. be used in the computation of operating income but not in the computation of the contribution margin. c. be used in the computation of the contribution margin. d. be treated the same as variable manufacturing overhead.