A purchase of supplies for cash is recorded in the

a. cash payments journal.

b. purchases journal.

c. general journal.

d. cash receipts journal.

What makes increased government spending an effective tool for increasing demand?

What usually happens to decisions of administrative law judges that are appealed to the federal court system? a. The decisions are usually upheld. b. The decisions are usually denied. c. The decisions are upheld approximately 50% of the time. d.

If one company buys another what happens to the stock

Over time, members of the supply chain often formalize their relationship by entering into contracts that dictate various terms, such as how much Walmart will buy from P&G each month and at what price, as well as the penalties for late deliveries.

Which of the following is true of managerial accounting? a. Managerial accounting aims at providing information for controlling the organization's actions. b.

Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. -Sold merchandise on account for $64,000 to a customer.

Barans Realty Co. pays weekly salaries of $18,000 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday.

Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock.

The following items caused the only differences between pretax financial income and taxable income. 1.

Which of the following characteristics would lead the auditor to assess control risk at a higher level? a. It is difficult for the auditor to determine or gain access to the organization or individuals who own and/or control the entity. b.