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dolphi86 [110]
3 years ago
13

True or False

Business
1 answer:
BigorU [14]3 years ago
7 0

Answer:

1. False

2. True

3. True

4. True

Explanation:

1. There is an overlap between financial and managerial accounting. For example, inventory method and expenses. Again, financial groups and management groups are working together to create information in aligning the necessary planning, controlling, and decision making. Therefore, it is a false statement.

2. While planning, controlling and making a decision, managerial accountants have to rely on past performance. It is a true statement.

3. Managerial accounting does not need to conform to GAAP or even IFRS. It is a true sentence.

4. Financial statements indeed have to conform to GAAP (Generally accepted accounting principles). It is a true statement too.)

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Answer: miscellaneous code

Explanation:

The HCPCS level II miscellaneous codes include miscellaneous not otherwise classified codes that are reported to the food and drug Administration when a durable medial equipment, prosthetics, orthotics, and supplies (DMEPOS) dealer submits a claim for a product or service for which there is no existing HCPCS level II code.

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3 years ago
Prepare general journal entries to record the following transactions for the Harris
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31/12/2013 bad debts expense  800$

                                      Provision for bad debt expense    800$

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                                                          Debter   75$

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7 0
3 years ago
Read 2 more answers
Who should be involved in orientation of new employees? Why would it not be appropriate to provide employee orientation purely o
alexdok [17]

Explanation:

because you are not sure how good they are at working

5 0
3 years ago
Extra (unbudgeted) income left at the end of the month should be
Elina [12.6K]
Extra (unbudgeted) income left at the end of the month should be A) Saved for emergencies. Saving your extra money that you have not spent should be placed in a savings account and can help you later on in the future and provide for emergency funds if needed.

The answer is: A
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3 years ago
Which of the following statements is not correct? Multiple Choice After the reversing entry is posted for the adjustment made to
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Answer:

A)After the reversing entry is posted for the adjustment made to recognize the salaries expense at the end of the accounting period, the Salaries Expense account will have a zero balance and the Salaries Payable account will have a credit balance

Explanation:

Reversing entry can be regarded as

a journal entry which is been made during an accounting period, it

reverses selected entries that is been made during immediately preceding period. reversing entry typically take placeat the beginning of particular accounting period.

It should be noted thatReversing entries are;

1) made to reverse the effect of certain adjustments.

2) provide a way to guard against oversights, eliminate the review of accounting records, and simplify the entry made in the new period.

3)is the exact opposite (the reverse) of the adjustment.

5 0
2 years ago
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