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Problem 1: Which of the following should be regarded as a current liability?
1. Trade receivables
2. Bank overdraft
3. Trade payables
4. Drawings
A. 1 and 2
B. 2 and 3
C. 3 and 4
D. 2 and 4
Problem 2: Is it true that the trial balance totals should agree?
A. No, there are sometimes good reasons why they differ
B. Yes, except where the trial balance is extracted at the year end
C. Yes, always
D. No, because it is not a statement of financial position
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Prepare a schedule that provides operating cash flows for the year 2012 using the direct method.
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An outside supplier has offered to make the item at $5.50 a unit. If the decision is made to purchase the item outside, current production facilities.
Calculate the cash disbursements by month. Determine the timing of a capital expenditure. Determine the timing and amount of financing.
1. The preceding data are taken from the store's perpetual inventory records. Which cost method does the store use? Explain how you arrived at your answer.
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george dick an employee of plum corporation drove his car a total of 17.966 miles during 2008. of the total miles
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