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NEW QUESTION 34
______________ is required not only for theft, but for procedures to detect errors, avoid waste and insure a proper amount of inventory is maintained.
Answer:
Explanation:
Inventory control
NEW QUESTION 35
_________ normally are carried on an organization’s books as expenses because they tend to be consumed by the organization within a year of purchase.
- A. Equity
- B. Assets
- C. Supplies
- D. Expenses
Answer: C
NEW QUESTION 36
The price of an asset on which the asset is selling at on the open market in a transaction between a willing buyer and a wiling seller is called:
- A. material value
- B. Absolute value
- C. Fair value
- D. Cost value
Answer: C
NEW QUESTION 37
……
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