A process for approving and documenting all purchases and payments on account is:
A. the bank reconciliation.
B. the remittance process.
C. an imprest system.
D. a voucher system.
Answer: D
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What is the journal entry used to record factory overhead costs incurred on account of $3,595?
a. debit Factory Overhead $3,595, credit Accounts Payable $3,595 b. debit Accounts Payable $3,595, credit Factory Overhead $3,595 c. debit Wages Payable $3,595, credit Work in Process $3,595 d. debit Work in Process $3,595, credit Wages Payable $3,595
Television sets that Walmart owns for selling to its customers are classified as
A. equipment. B. machinery. C. receivables. D. merchandise inventory. E. prepaid merchandise.
The U.S. Department of Agriculture (USDA) approved an application from Monsanto to plant genetically engineered alfalfa seeds that resist Monsanto's Roundup herbicide. Several environmental groups brought suit to stop the planting because the USDA did not complete an EIS in carving out an exception for genetically engineered crops. The fear is that the crops contain a bacterial gene that allows
farmers to spray their fields for weeds without harming the alfalfa or other crops because the bacteria allows the crops to resist the weed spray. When is an EIS required? A)?When a federal agency is taking action that could impact the environment B)?When an EIS is demanded by environmental groups C)?When a federal agency takes any action D)?When animal life is affected by federal agency action
Divide the decimal, rounding to the nearest hundredth: 49.65 รท 1000