A physical inventory is usually taken
a. in the middle of the fiscal year.
b. at the peak of the busy season.
c. at the end of the fiscal year.
d. when the perpetual inventory system, but not the periodic inventory system, is being used.
C
You might also like to view...
Nora takes her nerves about public speaking and uses them to her advantage. Nora is harnessing her ______.
Fill in the blank(s) with the appropriate word(s).
SEM can be thought of as a combination of Discriminant analysis and cluster analysis
Indicate whether the statement is true or false
Jiang, an accountant, is assigned by Wanley Inc. to perform an audit and prepare an annual report for its shareholders. Jiang fails to execute his duty with sincerity as he fails to discover embezzlement by a chief accountant of the firm, which is later discovered by the firm's creditors. In this scenario, Jiang's breach of duty might also trigger an action in breach of the contract between Jiang and Wanley Inc. because:
A. liability of the accountant is never civil or criminal in nature. B. the relationship between the accountant and the client is contractual in nature. C. a breach of duty always follows generally accepted accounting principles. D. the relationship does not have an express agreement.
The new public service emphasizes the importance of:
A) Managing through people B) Commanding people C) Coercing people D) Convincing citizens