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Identify whether each of the following activities represents preventative controls, detective controls, or corrective controls:Job rotationPreparation of bank reconciliationSegregation of dutiesRecalculating totals on computer reportsUse of passwordsPreparing batch totals for check processing -Establishing a code of ethicsUse of a security guardVerifying source documents before recording transactionsMatching supporting documents before paying an invoiceIndependent review of accounting reportsPerforming comparisons of financial statement items
Grayson Bank agrees to lend the Trust Company $100,000 on January 1. Trust Company signs a $100,000, 9%, 9-month note. What is the adjusting entry required if Trust Company prepares financial statements on June 30?
the unadjusted cash account balance for a company at december 312009 is 15926. the bank statement showed a balance of
blue company has beginning and ending work-in-process inventories that are 45 and 10 complete respectively. materials
Calculate the employer's payroll taxes, using the following rates: state unemployment, 4.3% federal unemployment, 0.8%. Illustrate the effects on the accounts and financial statements of recording the accrual of payroll taxes.
david drew owned two shares of abc corporation common stock. he paid 60 for one share on january 15 2008 and 30 for one
on january 1 2012 lake corporation increased its management salaries. all other costs and revenues were unchanged. how
If the yield to maturity for a bond is less than the bond's coupon rate, the market value of the bond is __________
dresser companys weekly payroll paid on fridays totals 6200. employees work a 5-day week. prepare dressers adjusting
Expected sales are 40,000 units; expected production is 50,000 units; practical (maximum) capacity is 100,000 units. If Tayla Industries uses a normal costing system and a plantwide predetermined overhead rate, the budgeted overhead per unit is:
The City of Holland issued bonds
linda wants to use the 241300 proceeds 163000 20000 58300 241300 from sale of the securities to open a retail store
sophie is a single taxpayer. for the first payroll period in october 2012 she is paid wages of 3250 monthly. sophie
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