Before being controversially struck down by the Supreme Court in the Citizens United case, the McCain-Feingold Act:
a. allowed political speech by all non-profit corporations
b. prohibited for-profit and non-profit corporations and unions from broadcasting "electioneering communication"
c. promoted "electioneering communication" by political parties
d. prohibited for-profit, but not non-profit, corporations and unions from broadcasting "electioneering communication"
e. none of the other choices are correct
b
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As of April 30, Northstar counts 8 units of merchandise inventory on hand. Compute ending merchandise inventory and cost of goods sold for Northstar using the LIFO inventory method.
The periodic inventory records of Northstar Sales indicate the following for the month of April:
In the hierarchy of needs theory, what does the second level focus on?
A) love needs B) self-aggrandizement C) self-actualization D) safety needs
Johnnycake Restaurant uses a periodic inventory system and the gross method of accounting for purchases. Prepare general journal entries to record the following transactions for Johnnycake: Aug. 10Johnnycake purchased merchandise on credit from Foster Foods for $9,000, terms 2/10, n/30, FOB destination. Transportation costs of $350 were paid by Foster. 12Johnnycake returned $600 of merchandise from the August 10 purchase. 19Johnnycake paid Foster for the August 10 purchase.
What will be an ideal response?
John is auditing MegaCorp He finds an accounts payable for 10,000 cases of ball bearings. He checks to make sure the paper actually arrived and that the receiving department had signed and dated the invoice. He also checks the original purchase order to make sure the purchase was properly authorized. This illustrates
a. tracing. b. vouching. c. following. d. monitoring.