Identify the principles of internal control by selecting the correct answers below. (Check all that apply.) Multiple select question. Perform regular and independent reviews. Match revenues with expenses in the same accounting period. Record assets at cost. Separate recordkeeping from custody of assets. Apply technological controls. Maintain adequate records. Insure assets. Establish responsibilities.
Answers: 2
Business, 22.06.2019 10:20
Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.
Answers: 1
Business, 22.06.2019 20:50
Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.
Answers: 2
Business, 22.06.2019 21:40
Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heatherβs maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heatherβs average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.
Answers: 3
Business, 23.06.2019 01:30
Nba all-star baron davis and his school friend, cash warren, premiered their first movie "made in america" at the sundance festival in january 2008. the movie, based on gang activity in south central los angeles, received good reviews.βββ source: the new york times, february 24, 2008 βββ βββ draw baron davis's ppf. label it ppfdavis. draw your own ppf. label it ppfmine.
Answers: 2
Identify the principles of internal control by selecting the correct answers below. (Check all that...
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