Larceny is easier to detect than skimming because:
a. larceny involves stealing cash after it has already been recorded in the company's accounting system.
b. larceny involves fraudulent disbursements of cash, while skimming involves fraudulent
receipts of cash.
c. larceny involves stealing cash as it is paid by a customer.
d. larcenies can take place in any circumstance in which an employee has access to cash.
a
FEEDBACK: a. Correct.
b. Incorrect.
c. Incorrect.
d. Incorrect.
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A purchase of supplies on account is recorded in the
A) Revenue journal B) General journal C) Purchases journal D) Cash Payments journal
Inventory that is in-transit is?
a. Cycle inventory b. Hedge inventory c. Safety stocks d. Transportation inventory
Which term refers to the narrow, deep focus of social networking sites that differentiate themselves because they center on some common hobby, interest, or characteristic that draws members to the site?
a. Vertical network. b. Horizontal network. c. Niche market. d. Media democratization. e. Social media presence.
The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 1,600 direct labor-hours will be required in February. The variable overhead rate is $3.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $28,320 per month, which includes depreciation of $3,680. All other fixed manufacturing overhead costs represent current cash flows.The February cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
A. $5,440 B. $24,640 C. $33,760 D. $30,080