1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
CaHeK987 [17]
3 years ago
8

It is frequently possible to test the physical inventory prior to the balance sheet date whenA.the internal control system is no

better at year-end than at an earlier point in time. B.the client counts inventory at interim dates. C.the perpetual inventory records are accurate and related controls operate effectively. D.year-end sales are small.
Business
1 answer:
rusak2 [61]3 years ago
5 0

Answer: C.the perpetual inventory records are accurate and related controls operate effectively

Explanation: When the perpetual inventory records are accurate and related controls operate effectively, it is frequently possible to test the physical inventory prior to the balance sheet date.  An auditor will generally decide whether the inventory count can be taken before year-end primarily on the basis of accuracy of the perpetual inventory master files.

You might be interested in
If the potential employer is a candle-making company, _____ would be one of the employer’s raw materials.
Scilla [17]

Answer:

wax

Explanation:

Raw materials are the components or ingredients used to manufacture finished goods. They are the unprocessed materials that go through the production process or refining to give a consumable product.

Wax is the main raw material in the production of candles. A company involved in making candles need a source of wax to stay in business.

5 0
3 years ago
Based on your interpretation of your responce to the survey questionaire what does this reveal about your interest in engaging t
Gwar [14]

Answer:

Answer:

I realized that sports is my thing, although I'm not that athletic. I always have a blast whenever I'm engaging in sports. I also like watching it on television.

I fell in love with sports because exercise is good for our health. Engaging in sports also help improve my mood and boost my energy.

#BrainliestBunch

7 0
3 years ago
Read 2 more answers
Pharoah Corporation had the following activities in 2020. 1. Payment of accounts payable $843,000 4. Collection of note receivab
DIA [1.3K]

Answer:

The amount Pharoah should report as net cash provided (used) by financing activities in its 2020 statement of cash flows is $344,000.

Explanation:

Pharoah Corporation

Statement of cash flows (extract)

Proceeds from common stock                $256,000

Proceed from bond payable                    $466,000

Dividend paid                                           ($333,000)

Purchase of treasury stock                        ($45,000)

Net cash flows from financing activities    $344,000

Note that the payment of accounts payable and collection of notes receivable only affect the operating activities section of the cash flows.

7 0
3 years ago
What are some of the benefits of establishing a minimum wage?
lapo4ka [179]

it can help certain families

it serves as an employment incentive

it is a common reference with hiring in other jobs

it can also be helpful depending on the type of market

7 0
4 years ago
Read 2 more answers
Ambiguity can arise as to whether receivables have been sold or instead are being used as collateral for a loan whenever certain
victus00 [196]

Answer:

is whether the transferor surrenders control over the receivables

Explanation:

In Sales of Receivables and Collateralized Borrowing,.companies do not want to wait for payments to arrive as they simply quickens cash collection with help of bank or financing company and also factoring and collateralized borrowings are various means to speed up cash collections. In Collateralized borrowing, receivables are simply collateral. Company gets cash from bank and is saddle with the responsibility for repaying loan.

Issues regarding collateralized borrowing are the sales of receivables had the purchaser is called a factor, borrowing using receivables as collateral and accounts receivable is not wipe off from seller's books.

6 0
3 years ago
Other questions:
  • An algebra class has 20 students and 20 desks. for the sake of variety, students change the seating arrangement each day. how ma
    5·1 answer
  • How to choose a business name<br>​
    11·2 answers
  • What is the principle of comparative cost advantage​
    12·1 answer
  • Suppose a stock had an initial price of $70 per share, paid a dividend of $2.30 per share during the year, and had an ending sha
    11·1 answer
  • How are foreign exchange rates determined
    13·1 answer
  • The equal dignity rule has several exceptions. for example, an executive officer of a corporation can conduct business transacti
    8·1 answer
  • When writing an in-depth story about a large drug-manufacturing company, Beth presents the company not as a conglomerate edging
    13·1 answer
  • Which of the following production costs, if expressed on a per unit basis, would be most likely to change significantly as the p
    14·1 answer
  • Seeking positions of power and responsibility, chandra has rapidly moved up the ranks within her organization. colleagues descri
    14·1 answer
  • Tolerance and trust at work place practice<br><br><br>​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!