Which of the following is not a typical analytical procedure?
a. study of relationships of the financial information with relevant nonfinancial information.
b. comparison of recorded amounts of major disbursements with appropriate invoices.
c. comparison of the financial information with similar information regarding the industry in which the entity operates.
d. comparison of financial information with budgeted amounts.

The distinction between a normal and an inferior good is

Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false