The recommended data architecture for an ERP includes separate operational and data warehouse databases
Indicate whether the statement is true or false
T
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As an in-charge auditor, you are reviewing a summary of control weaknesses in cash disbursement procedures. Which one of the following weaknesses, standing alone, should cause you the least concern?
A. Checks are signed by only one person. B. Treasurer fails to establish validity of names and addresses of check payees. C. Cash disbursements are made directly out of cash receipts. D. Signed checks are distributed by the controller to approved payees.
Many firms disaggregate the initial amounts they received from shareholders for common shares into the _____ and the amounts received in excess of this value, called additional paid-in capital (APIC), share premium, or capital contributed in excess of par value
a. par value of the shares b. nominal value of the shares c. stated value of the shares d. Choices a, b, and c are correct. e. None of these answer choices is correct.
____ activities are unnecessary activities
A) Frivolous B) Nonvalue-added C) Expensive D) Under-performing E) none of these
If the predetermined overhead allocation rate is 245% of direct labor cost, and the Baking Department's direct labor cost for the reporting period is $10,000, the following entry would be made to record the allocation of overhead to the products processed in this department: Work in Process Inventory, Baking Dept.24,500 Factory Overhead 24,500
Answer the following statement true (T) or false (F)