Rack jobbers are limited-service merchant wholesalers who would most likely handle which of the following?

A) imported plants
B) precious minerals
C) agricultural products
D) perishable food items
E) magazines


E

Business

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Which of the following is the most relevant assertion with regards to the audit of cash?

a. Existence b. Rights and obligations. c. Valuation and allocation. d. Presentation and disclosure.

Business

Which of the following accounts is not closed?

A) Income Summary B) Dividends C) Retained Earnings D) Interest Income

Business

Equipment with a cost of $130,000 has an estimated residual value of $10,000 and an estimated life of 5 years or 12,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours?

A) $24,000 B) $32,500 C) $33,000 D) $35,750

Business

Describe at least four guidelines to remember when asking questions in a request

Business