What are the steps taken in the cash disbursement system?
Accounts payable reviews the documents related to a liability: purchase requisition, purchase order, receiving report, and vendor invoice. If proper, cash disbursements is authorized to make payment.
Cash disbursements prepares the check, a separate person signs it, sends it to the vendor, and notifies accounts payable.
At the end of the period, cash disbursements and accounts payable send summary information to general ledger.
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When the employees at SignalCorp went on strike, the firm hired replacement workers. This is called a lockout.
Answer the following statement true (T) or false (F)
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A) I only B) II only C) both I and II D) neither I nor II
Coca-Cola drink vending machines are found all over the world. The newest machines have an interactive screen that runs advertisements and allows users to obtain free photos of themselves and ringtones after they have bought a drink. Critics of these new vending machines are concerned that entertaining technology is being used to market sugary products. In terms of a SWOT analysis, this concern would be an example of a(n):
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