Mary Monitor CPA noted that ABC Co. Ltd. received goods prior to year-end and included them in the physical inventory but did not record them in the accounting records. In this case, which of the following adjustments should be made?
A) Debit Cost of Goods Sold, credit Accounts Payable.
B) Debit Inventory, credit Accounts Payable.
C) No adjustment is necessary.
D) Debit Purchases, credit Cost of Goods Sold.
B) Debit Inventory, credit Accounts Payable.
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In a straight rebuy, ________
A) the "in" suppliers try to maintain product and service quality to keep the business B) the "in" suppliers feel pressured to protect an account C) the "out" suppliers view the situation as an opportunity to gain new business D) a company buys a product or a service for the first time E) buyers are keen on revising product specifications
With respect to CO 2 emissions, how does India differ from the United States?
a. It has a higher level of CO 2 emissions. b. It has a faster rate of growth in CO 2 emissions. c. It has done more to adopt policies that will reduce CO 2 emissions. d. It is less reliant on coal than the United States.
Which aspect of ethical climate is typified by the statement, “people are expected to comply with the law and professional standards over and above other considerations”?
A. caring B. instrumental C. independence D. law and code
Cousteau has had many sea experiences in his past. He is once again placed in charge of a vessel that has a mission to study dolphins. He looks forward to this new mission, even though he has done many similar excursions in the past, because he has a new group of students who are eager to learn from him. Cousteau has which type of power?
a. Personal expert power b. Personal reward power c. Organizational expert power d. Organizational coercive power