Sophia Pathways Accounting Final Milestone with Answers
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Course
ACCT MISC
Institution
Riverside City College
Sophia Pathways Accounting Final Milestone with Answers
1
Which of the following internal control systems does TAP Technology, Inc. use when it updates its employee handbook to reflect new company policies?
CONCEPT
Internal Controls and Reconciliations
2
Given the information ...
, When preparing a trial balance worksheet, what step would Tom
complete next if he has already prepared a trial balance, adjusted
entries and prepared an adjusted trial balance?
•
Prepare an income statement
•
Prepare a balance sheet
•
Close temporary accounts
•
Make closing entries
CONCEPT
End of Period Activities
4
Which business below would likely use Specific ID?
•
A jewelry store
•
An ice cream shop
•
An Italian foods market
•
An office supply store
CONCEPT
Inventory Cost Flow Assumptions
5
The purpose of the general journal is to show accounting events in
their sequence.
•
ending
•
chronological
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