Which of the following accurately describes a periodic report?
A. A report that describes the pros and cons of proceeding with a project in addition to givingthe costs and time frame for the project
B. A report prepared by a human resource manager, which gives reasons to justifyinvestment in employee training programs
C. A report prepared weekly to provide details about the number of product unitsmanufactured
D. A report that is prepared by an employee to backup his new idea
C
A report that is prepared weekly to provide details about the number of product units
manufactured is an example of a periodic report. A periodic report is prepared at regular
intervals, for example, weekly, monthly, or quarterly. Any report prepared at specified intervals
is considered a periodic report.
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The two primary checksum methods used today are:
a. E-TTL I and E-TTL II. b. SSFDC and SDHC. c. MD5 and SHA-1. d. SSFDC and RS-232.
The rejection region is the set of sample data that leads to the rejection of the alternative hypothesis.
Answer the following statement true (T) or false (F)
The term connotation refers to "the associations you have with a word."
Indicate whether the statement is true or false
Gray Company, a calendar year taxpayer, allows customers to return defective merchandise for a full refund within 30 days of the purchase. In 2019, the company refunded $400,000 for claims involving sales. The $400,000 consisted of $350,000 in refunds from 2019 sales and $50,000 in refunds from 2018 sales. All of the refunds from 2018 sales were for claims filed in 2018 and were paid in January and February 2019. At the end of 2019, the company had $12,000 in refund claims for sales in 2019 for which payment had been approved. These claims were paid in January 2019. Also in January 2020, the company received an additional $30,000 in claims for sales in 2019. This $30,000 was paid by Gray in February 2020. With respect to the above, Gray can deduct:
A. $350,000 in 2019. B. $362,000 in 2019. C. $392,000 in 2018. D. $442,000 in 2019. E. None of these.