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a specialized journal would be most likely to be used to enter b sales transactions
Since specialized journal simplifies the process of recording large number of repetitive transactions. For sales there are lot of transactions.
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QUESTION 1 A specialized journal would be most likely to be used to enter a. annual...
QUESTION 1 The cost of milk used to manufacture ice cream would most likely be classified...
QUESTION 1 The cost of milk used to manufacture ice cream would most likely be classified as a(n): Variable cost Indirect cost Sunk cost Differential cost QUESTION 2 Which of the following would not usually be considered a fixed cost? Insurance Executive salaries Plant depreciation Needles used in a hospital QUESTION 3 The product costs of a software development company would NOT include: Computer lease Salary of the CEO Supplies used by programmers Computer programmers's salaries QUESTION 4 Which of...
QUESTION 4 The recognition of a revenue would most likely be accompanied by which of the...
QUESTION 4 The recognition of a revenue would most likely be accompanied by which of the following? A. a decrease in assets B. an increase in assets C. the contribution of capital by an owner D. an increase in liabilities E. none of the other answers provided are correct 1 points QUESTION 5 A gain on the disposal of a fixed asset will increase the following on the company’s income statement A. COGS B. Non-operating Income (Loss) C. Net...
QUESTION 1 1. Which of the following transactions would be recorded in the general journal? sales...
QUESTION 1 1. Which of the following transactions would be recorded in the general journal? sales return and credit memo c purchase of supplies inventory (done frequently) c recording of payroll checks C depreciation recorded annually c transfer of goods from work-in-process inventory to finished goods inventory 1 points QUESTION 2 1. For which of the following forms is an in-house authorization separate from the preparer most important at Waren? Receiving report Credit memo Customer order Deposit slip Prelist
need all the answers just answers 6. Analytical procedures are most likely to detect: a. Weaknesses...
need all the answers just answers
6. Analytical procedures are most likely to detect: a. Weaknesses of a material nature in internal control b. Unusual transactions. c. Noncompliance with prescribed control activities, d. Improper separation of accounting and other financial duties. able 7. Wecepting an balance statement unting sieni managem 7. Which of the following should the auditors obtain from the predecessor auditors before accepting an audit engagement? a. Analysis of balance sheet accounts. b. Analysis of income statement accounts...
Which of the following methods for valuing inventory would most likely be used for high value...
Which of the following methods for valuing inventory would most likely be used for high value items such as cars and houses? Select one: a. LIFO b. FIFO c. Weighted Average d. Specific Identification Next
Only need to answer WORKSHEET, POST CLOSING TRIAL BALANCE AND CLOSING ENTRIES JOURNAL. Complete all steps...
Only need to answer WORKSHEET, POST CLOSING TRIAL BALANCE AND
CLOSING ENTRIES JOURNAL.
Complete all steps in accounting cycle. (LO 1, 2, 4) P4-5A Anya Clark opened Anya's Cleaning Service on July 1, 2017. During July, the following transactions were completed. GLS July 1 1 3 12 18 Anya invested $20,000 cash in the business. Purchased used truck for $12,000, paying $4,000 cash and the balance on account. Purchased cleaning supplies for $2,100 on account. Paid $1,800 cash on a...
Which of the following would most likely be a facility level cost? A. Depreciation on factory...
Which of the following would most likely be a facility level cost? A. Depreciation on factory equipment B. Depreciation on factory building C. Depreciation of engineering equipment D. Depreciation of setup equipment
1. Which of the following would most likely be included as part of manufacturing overhead in...
1. Which of the following would most likely be included as part of manufacturing overhead in the production of a computer? A) The amount paid to the individual who assemble the computer. B) The commission paid to the salesperson who sold the computer. C) The cost of the motherboard used in the computer D) The cost of screws used in the computer
In auditing accounts receivable, the “negative” form of confirmation request most likely would be used...
In auditing accounts receivable, the “negative” form of confirmation request most likely would be used when a. Accounts receivable consist of a number of accounts with large customer balances. b. Control Risk and Inherent Risk are assessed to be High. c. Recipients are likely to return positive confirmation requests without verifying the accuracy of the information. d. The auditor is not aware of circumstances or conditions that would cause recipients of negative confirmation...
Question 4 2 pts Ajob order cost system would most likely be used by a company...
Question 4 2 pts Ajob order cost system would most likely be used by a company that makes breakfast cereal O personal computer O pencils O Disney movie
QUESTION 1 1. Which of the following transactions would be recorded in the general journal? sales return and credit memo c purchase of supplies inventory (done frequently) c recording of payroll checks C depreciation recorded annually c transfer of goods from work-in-process inventory to finished goods inventory 1 points QUESTION 2 1. For which of the following forms is an in-house authorization separate from the preparer most important at Waren? Receiving report Credit memo Customer order Deposit slip Prelist
need all the answers just answers
6. Analytical procedures are most likely to detect: a. Weaknesses of a material nature in internal control b. Unusual transactions. c. Noncompliance with prescribed control activities, d. Improper separation of accounting and other financial duties. able 7. Wecepting an balance statement unting sieni managem 7. Which of the following should the auditors obtain from the predecessor auditors before accepting an audit engagement? a. Analysis of balance sheet accounts. b. Analysis of income statement accounts...
Which of the following methods for valuing inventory would most likely be used for high value items such as cars and houses? Select one: a. LIFO b. FIFO c. Weighted Average d. Specific Identification Next
Only need to answer WORKSHEET, POST CLOSING TRIAL BALANCE AND
CLOSING ENTRIES JOURNAL.
Complete all steps in accounting cycle. (LO 1, 2, 4) P4-5A Anya Clark opened Anya's Cleaning Service on July 1, 2017. During July, the following transactions were completed. GLS July 1 1 3 12 18 Anya invested $20,000 cash in the business. Purchased used truck for $12,000, paying $4,000 cash and the balance on account. Purchased cleaning supplies for $2,100 on account. Paid $1,800 cash on a...
Question 4 2 pts Ajob order cost system would most likely be used by a company that makes breakfast cereal O personal computer O pencils O Disney movie
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