The amount of cash received on issuance of a 9 percent, $10,000 bond dated February 1 and issued June 1 at 102 1/2 is
a. $10,300.
b. $11,100.
c. $10,200.
d. $10,550.
D
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Geeslin Gas bought equipment on account from Class Equipment, $3,580 . The transaction would involve
a. None of the answers listed b. a debit to cash and a credit to equipment. c. a debit to equipment and a credit to accounts payable. d. a debit to equipment and a credit to cash.
Reconciliation of cash accounts may be referred to as what type of control?
A. Non-routine. B. Preventive. C. Detective. D. Adjustive.
In a standard cost system,when the materials price variance is recorded at the time the material is purchased, the materials purchase price variance is obtained by multiplying the:
a. Actual price by the difference between actual quantity purchased and standard quantity used. b. Actual quantity purchased by the difference between actual price and standard price. c. Standard price by the difference between standard quantity purchased and standard quantity used. d. Standard quantity purchased by the difference between actual price and standard price.
Wages, hours, and other terms and conditions of employment are permissive subjects of collective bargaining
Indicate whether the statement is true or false