Which of the following debt service fund accounts would not be closed at the end of each fiscal year?

A. Revenues.
B. Expenditures-Bond Interest.
C. Estimated Revenues.
D. Fund Balance.


Answer: D

Business

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Peizhi manages his employees through a careful monitoring of their production, comparing what they do to predicted schedules and desired budgets. Peizhi can best be described as a(n) ______ leader.

A. production-oriented B. charismatic C. job-centered D. transformational E. employee-centered

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According to the AICPA, the auditor needs to clearly express an opinion based on audit evidence obtained in the form of a written report.This is stated in which AICPA principle governing an audit conducted in accordance with GAAS?

a. Principle 1 b. Principle 4 c. Principle 5 d. Principle 7

Business

In manufacturing, the cost objects are often units of product

Indicate whether the statement is true or false

Business

Discount Retail Warehouse Corporation pays its employees every two weeks. Ethel, a Discount Retail employee, receives her paycheck and indorses the back ("Ethel Smith"), but loses the check before cashing it or depositing it. Garth finds it. Has the

check been nego¬tiated to Garth? If Garth signs the back of the check beneath Ethel's signature, can he cash it?If so, what might Ethel have done to avoid the loss?

Business