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ddbeaumont15 ddbeaumont15
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7 years ago
Accounts receivable are ________.
 
  A) current assets
  B) current liabilities
  C) long-term assets
  D) long-term liabilities


(Q. 2) The third level of protection in the control hierarchy is:
 a. the control environment
  b. business process control plans
  c. pervasive control plans
  d. IT general controls


(Q. 3) On April 25, Team Shirts paid 1,000 for advertising for May and June. This transaction is a deferral.
 
  Indicate whether the statement is true or false


(Q. 4) Companies must accumulate payroll data both for the business as a whole and for each employee.
 a. True
   b. False
   Indicate whether the statement is true or false


(Q. 5) Using Lox Stock & Bagel Company's financial statement above, determine the amount
  of the company's largest resource.
 
  A) 11,910
  B) 39,910
  C) 18,000
  D) 25,000


(Q. 6) A physical inventory should be taken at the end of every month.
 a. True
  b. False
 
   Indicate whether the statement is true or false
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THOTLESLEYTHOTLESLEY
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Posts: 340
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7 years ago
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ddbeaumont15 Author
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#2
7 years ago
Smiling Face with Glasses Feeling super confident now, TY
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