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mrs_skeptik [129]
2 years ago
5

John is auditing MegaCorp. He finds an accounts payable for 10,000 cases of ball bearings. He checks to make sure the paper actu

ally arrived and that the receiving department signed and dated the invoice. He also checks the original purchase order to make sure the purchase was properly authorized. This illustrates
A. tracing.
B. vouching.
C. following.
D. monitoring.
Business
1 answer:
zzz [600]2 years ago
4 0
Your answer is.........B. Vouching.
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Tips are considered <u>taxable income.
</u>Although they are a bonus that you get from your customers, on top of your paycheck, you still have to pay a tax on your tips given that in America, tips are considered to be a type of income. You'd get a dividend from a company, not from customers. Gain is just another word for profit. <u>
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3 0
3 years ago
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Roland Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2016 for $10,0
Anuta_ua [19.1K]

Answer:

Consider the following calculations

Explanation:

Answer:(a) Carrying value of asset: $10,000,000 - $2,500,000 = $7,500,000.

($10,000,000 ÷ 8) x 2 = $2,500,000

Future cash flows $6,300,000

Carrying value $7,500,000

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Loss on Impairment A/C Dr. $1,900,000

      To Accumulated Depreciation A/C    $ 1,900,000

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(b) Depreciation Expense A/C Dr. $ 1,400,000

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(c ) No depreciation is recorded on impaired assets to be disposed of.

Recovery of impairment losses are recorded.

Loss on Impairment A/c Dr. $1,900,000

      To Accumulated Depreciation A/C    $ 1,900,000

12/31/2015 Accumulated Depreciation A/C Dr. $ 300,000

                                          To Recovery of Impairment Loss A/C $ 300,000

5 0
3 years ago
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Slav-nsk [51]
You become broke cause you don't pay your bills on time or car notes that's why the economy is failing
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5 0
3 years ago
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Answer:

c. The contribution margin per gallon of throughput for each product

Explanation:

contribution margin per gallon = Revenue per gallon - variable cost per gallon.

Contribution margin would enable the company to know the amount each product earns in excess after variable cost has been subtracted from revenue.

the product with the highest contribution margin should be considered.

8 0
3 years ago
Patricia made her career planning timeline in the year 2007. In what year
amm1812

Answer:

<h2>A. 2007 </h2>

Explanation:

Hope this is helpful

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2 years ago
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