Which of the following amounts should NOT be posted to any ledger account?
a. the total of the Cash Credit column
b. the total of the Professional Fees column
c. the total of the Supplies Expense column
d. the total of the General Debit and Credit column
d
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In some instances, deregulation represents a quid pro quo that will allow French companies wider access to other country markets
Indicate whether the statement is true or false
Brandy Enterprises discarded a computer that was fully depreciated and had no residual value. As a result of this transaction, Brandy will ________.
A) report a loss equal to the historical cost of the computer B) Debit the Computer account and credit the Accumulated Depreciation - Computer account C) Debit the Accumulated Depreciation - Computer account; debit Loss on Disposal of Computer account, and credit the Computer account D) zero out the Computer and Accumulated Depreciation - Computer accounts
When purchases are recorded at net amounts, any discounts lost as a result of late payments are reported as an expense.
Answer the following statement true (T) or false (F)
“I don’t think anything is wrong with our current process. Why learn a new process?” is the type of statement employees would say if they were ___________ to learn.
A. unwilling B. unable C. pretending D. procrastinating E. determined