An example of a transposition is
A) presenting the cash account at $1,500 instead of $15,000.
B) presenting prepaid insurance at $920 instead of $290.
C) incorrectly posting a credit amount as a debit amount in the general ledger.
D) not journalizing a sales transaction at all.
B
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When determining the legality of an agreement, the courts do not presume the parties intended a legal result.
Answer the following statement true (T) or false (F)
Costs that are incurred to preclude defects and improper processing are:
a. prevention costs b. detection costs c. appraisal costs d. failure costs
Lost goodwill is a type of _________ cost.
What will be an ideal response?
Different technological advances like social media have led to a decline in organizational hierarchies.
Answer the following statement true (T) or false (F)