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Question 71

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The following is an example of:

A) product analysis
B) vertical analysis
C) horizontal analysis
D) percentage analysis

E) B) and D)
F) C) and D)

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Question 72

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Explain whether each of the following would usually be used in a computerized accounting system and why. 1. Special journals 2. Accounts receivable control accounts 3. Electronic invoice form 4. Month-end postings to the general ledger

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Special journals and accounts receivable...

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Question 73

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A Cash Payments journal would not include a

Sales of office supplies for cash, at cost, to a neighboring business as an accommodation, are recorded in the revenue journal.

A(n) ___________ system is the methods and procedures for collecting, classifying, summarizing and reporting a business's financial and operating information.

Match the following types of journal transactions with the journal in which it would be entered.

An owner transfers a personal automobile to the company with a fair market value of $12,000. The entry will be made in the

Services provided for cash is recorded in the revenue journal.

In addition to B2B and B2C transactions, e-commerce is commonly used in all of the following business activities except:

The posting references in the following purchases journal are indicated by letters. Identify each posting reference [(a) through (i)] as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that no posting is required.

Which of the following accounts normally has a subsidiary ledger?

What is a business segment? How can business segments be analyzed?

Processing methods are the means by which the system collects, summarizes, and reports accounting information.

Services provided on account is recorded in the revenue journal.

Updating information in a computerized accounting system happens at the end of the month.

Morgan Company has the following segment revenues for fiscal 2014 and 2013. $\begin{array}{|l|l|l|}\hline & \textbf{2014} & \textbf{2013} \\&\textbf {(in millious) } & \textbf {(in millions) } \\\hline \text { U.S. } & \$ 825.0 & \$ 600.00 \\\hline \text { Canada } & 325.5 & 345.5 \\\hline \text { Other countries } & 215.5 & 168.5 \\\hline \text { Total Revenus } & 1,366.0 & 1,114.0 \\\hline & & \\\end{array}$ Prepare a horizontal analysis of the segment data using 2013 as the base year.

An "Accounts Receivable Subsidiary Ledger" report shows

One way to report revenue earned by a company is to present it by the different segments of business.

The phase of accounting system installation in which the information needs of people in the organization are taken into account is

The term B2C refers to transactions conducted between two companies.