Auditors may use positive and/or negative forms of confirmation requests for accounts receivable. of the following, which combination is it most likely that the auditors will use? a. the positive form for small balances, and the negative form for large balances. b. the positive form used for large balances and the negative form for the small balances. c. the positive form used for trade receivables and the negative form for other receivables. d. the positive form when controls related to receivables are satisfactory, and the negative form when controls related to receivables are unsatisfactory.
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Business, 22.06.2019 04:30
Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)
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Business, 22.06.2019 06:00
According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is
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Business, 22.06.2019 22:10
Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800
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Business, 23.06.2019 00:00
What is a uniform law adopted by all states that facilitates business transactions?
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Auditors may use positive and/or negative forms of confirmation requests for accounts receivable. of...
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