The fact that each transaction has a dual effect on the accounting elements provides the basis for what is called
a. single-entry accounting;
b. compound-entry accounting; c. multiple-entry accounting;
d. double-entry accounting; e. duplicate-entry accounting.
D
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Which of the following is false regarding a Nigerian money offer scam?
a. States the need for urgent assistance. b. Makes the victim feel like he or she is the only recipient of the special opportunity. c. Involves someone trying to sell a piece of prime African real estate. d. The e-mail is the promise of money and asks for help.
Sky Corporation's salaries expense for 2012 was $136,000 . Accrued salaries payable on December 31 . 2013 . was $17,800 and $8,400 on December 31 . 2012 . The cash paid for salaries during 2013 was
a. $126,600. b. $127,600. c. $145,400. d. $153,800.
Why is variable costing not used extensively in external reporting?
Choose the correct word in parentheses. The passengers who went to Ellis Island (was, were) third-class