The probability of independent events occurring in succession is computed by ________ the probabilities of each event
A) multiplying
B) adding
C) subtracting
D) dividing
Answer: A
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A company usually makes a reversing entry
A. on the first day of the next accounting period. B. at the end of the prior accounting period. C. on the second day of the next accounting period. D. on the last day of the next accounting period.
The _____ displays (lists) cash receipts and disbursements from operating activities
a. bottom-up method b. top-down method c. indirect method d. direct method e. cash method
Which one of the following people would LEAST likely be considered a "knowledge worker"?
A) someone who performs research to discover new information B) someone who takes current research and uses it to facilitate a task C) someone who relays information from one party to another without changing it D) someone who puts information in a format that allows others to access it E) someone who uses information to solve a problem
Which of the following procedures is incorrect for establishing and maintaining a petty cash fund?
A) A check is prepared for a small, fixed amount; when the check is cashed, the money is entrusted to a petty cash custodian. B) The company must obtain the cash needed for the fund and record an entry for the establishment of the fund. C) When appropriate documentation is presented, cash payments are made from the fund; the petty cash custodian retains the documentation. D) When the petty cash fund needs to be replenished, an entry is recorded to recognize an increase in the petty cash account.