Which of the following statements about the choice of storing facilities is true?
A. Public warehouses are storing facilities owned or leased by companies for their own use.
B. Public warehouses are used when a large volume of goods must be stored regularly.
C. Private warehouses are specially designed to speed the flow of goods.
D. Public warehouses are independent storing facilities and provide a full range of services.
E. Private warehouses are most useful when a company does not have a regular need for space.
Answer: D
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The ABA number on a check shows
a. the city or state where the bank is located b. the specific bank on which the check id drawn c. the routing number used by the Federal Reserve Bank d. all of the answers listed
To improve internal control, paychecks should be distributed by the employee's supervisor
Indicate whether the statement is true or false
Steve has a small company with 12 employees. One of his employees, Larry, has been laid off because his work has been outsourced. Larry had health coverage through Steve's company and wants to continue that coverage. According to the Consolidated Omnibus Budget Reconciliation Act, how long can Larry continue his coverage through Steve's company after being laid off?
A. 18 months B. 24 months C. 0 months D. 36 months
Which of the following is not an example of an external user of accounting information?
A) Potential and existing stockholders B) Government taxing agencies C) Potential and existing creditors D) Management