Which file has as its primary purpose to present comparative financial reports on a historic basis?
a. journal voucher history file
b. budget master file
c. responsibility file
d. general ledger history file
D
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Source data for work in process at the beginning of the accounting period comes from
a. Materials Inventory in the general ledger; b. Work in Process in the general ledger; c. the Adjusted Trial Balance columns of the work sheet; d. the Income Statement columns of the work sheet; e. the Balance Sheet columns of the work sheet
Six Sigma shoots for only ______ defects or mistakes per million operations.
a. 0.034 b. 0.34 c. 3.4 d. 34
Persons who transfer goods without proper title breach the warranty of quiet possession
Indicate whether the statement is true or false
A guaranty contract between the guarantor and the creditor need not be in writing or electronically recorded to be enforceable unless the main purpose exception applies
Indicate whether the statement is true or false