The major benefit of the weighted average method is simplicity
Indicate whether the statement is true or false
True
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Identify whether the following tests are substantive analytical procedures, tests of details of transactions, or tests of details of account balances.1) Trace a sample of payroll checks to the master employee list to verify occurrence.2) Recalculate the mathematical accuracy of a sample of payroll checks.3) Test a sample of bank reconciliations for the payroll bank account.4) Estimate sales commissions by applying commission formulas to recorded sales totals.5) Compare amounts accrued to supporting documentation, such as payroll tax returns.6) Compare payroll costs as a percentage of sales to industry data.
What will be an ideal response?
In which of the following types of franchise does a franchisor provide a secret formula or process to the franchisee?
A) chain-style franchise B) area franchise C) distributorship franchise D) processing plant franchise
Transitions A) should be avoided in business writing because they add unnecessary length to a message
B) support a paragraph's main idea. C) connect ideas. D) determine the organizational strategy used by the writer.
Companies make a year-end adjustment of the trading investment to bring the account to historical value
Indicate whether the statement is true or false