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4 years ago

The most important control for detecting credit card fraud is:

2 answers:

8 0

Reviewer independent of credit card authorized signer carefully reviews each transaction's documentation for business purpose.

Assoli18 [71]4 years ago

6 0

Reviewer independent of credit card authorized signer carefully reviews each transaction's documentation for business purpose.

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While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the equipment account.

shepuryov [24]

While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the equipment account. the effect of this error will be that <u>the </u><u>trial balance</u><u> will not balance. </u>Option E

This is further explained below.

<h3>What is an equipment account.?</h3>

Generally, The cost of the equipment is reported through an accrued liabilities or long-term asset account known as the equipment account.

In conclusion, A corporation made a critical error while they were uploading transactions from the journal to the ledger because they forgot to report a debit of $500 to the equipment account.

The trial balance will not be accurate as a result of this error because it will throw off the calculations. Option E

Read more about the equipment account

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complete question

While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the Equipment account. The effect of this error will be that:

Multiple Choice

The Equipment account balance will be overstated.

The error will overstate the credits listed in the journal.

The total debits in the trial balance will be larger than the total credits.

The error will overstate the debits listed in the journal.

The trial balance will not balance.

5 0

2 years ago

During August, Department Z started and completed 90,000 units and also finished 18,000 units that were 75% completed on July 31

shutvik [7]

Answer:

106,200 units

Explanation:

During August,

Department Z started and completed = 90,000 units

Finished units = 18,000 units

Ending inventory = 26,000 units

The number of equivalent units of production for Department Z during August:

= Started and completed units + (25% of finished units) + (45% of Ending inventory)

= 90,000 + (18,000 × 0.25) + (26,000 × 0.45)

= 90,000 + 4,500 + 11,700

= 106,200 units

4 0

4 years ago

A rule promulgated by the Environmental Protection Agency (EPA) limits the amount of carbon that can be emitted from a car's exh

AleksAgata [21]

Answer:

The answer is: B) the EPA's decision takes precedence.

Explanation:

The Supremacy Clause (Article VI, Clause II of the Constitution of the United States of America) states:

"This Constitution, and the Laws of the United States which shall be made in Pursuance thereof; and all Treaties made, or which shall be made, under the Authority of the United States, shall be the supreme Law of the Land; and the Judges in every State shall be bound thereby, any Thing in the Constitution or Laws of any State to the Contrary notwithstanding."

This means that the federal government and its laws, treaties and rules have precedence over state or local laws.

4 0

3 years ago

Miguel is a new salesperson for Imperial Realty. Dissatisfied with the lack of mentoring he has received, he decides to work for

Mama L [17]

Answer:

Miguel cannot keep the listings; they belong to Imperial Realty.

Explanation:

Since Miguel decides to work for Millennium Real Estate instead and want to transferred his license but at the time of switching, he listed two properties.

So as a salesperson he cannot keep the listing as it belongs to a broker not a salesperson and the broker should also be reassigned to the new salesperson plus it also belongs to the imperial realty which he has not part anymore

3 0

3 years ago

Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $440,000; Allowance for Doub

lina2011 [118]

Answer: See explanation

Explanation:

a. The amount of the adjusting entry for uncollectible accounts will be:

= Estimated balance required in Allowance account - Unadjusted balance existing in Allowance account

= $14800 - $4000

= $10800

b. The adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense will be:

Account receivables = $440,000

Allowance for Doubtful accounts = $14,800

Bad Debt expense = $10800

c. The net realizable value of accounts receivable will be:

= Account receivables - Allowance for Doubtful accounts

= $440,000 - $14800

= $425200

6 0

3 years ago