This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is a control plan that controls the entry of data by defining the acceptable ... (Read 363 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
Which of the following is a control plan that controls the entry of data by defining the acceptable format of each data field?
 a. document design
  b. written approval
  c. preformatted screens
  d. online prompting

Question 2

Required: Put an X in the appropriate box to indicate the proper accounting treatment for each of the following payments:
 
  Payment Expense Capitalize Neither
  Paid 6,700 cash for routine repairs designed to maintain the operating efficiency of an asset
  Paid 23,000 to a creditor to satisfy a debt
  Paid 9,000 to put a new roof on a warehouse
  Purchased rights to a competitor's trademark
  Paid 4,500 to completely overhaul a factory machine's engine, extending its useful life by 3 years
  Purchased a new automated computer control system for the factory at a cost of 2,300,000
  Paid 250 to tune up a home office air conditioner
  Incurred a cost of 1,500,000 to build a new addition to an existing building
  Paid 3,000 to change the rubber belts on factory equipment as part of normal monthly maintenance
  Distributed cash to the owners as a dividend



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksanderson1296

  • Sr. Member
  • ****
  • Posts: 339
Answer to Question 1

C

Answer to Question 2

Payment Expense Capitalize Neither
Paid 6,700 cash for routine repairs designed to maintain the operating efficiency of an asset X
Paid 23,000 to a creditor to satisfy a debt X
Paid 9,000 to put a new roof on a warehouse X
Purchased rights to a competitor's trademark X
Paid 4,500 to completely overhaul a factory machine's engine, extending its useful life by 3 years X
Purchased a new automated computer control system for the factory at a cost of 2,300,000 X
Paid 250 to tune up a home office air conditioner X
Incurred a cost of 1,500,000 to build a new addition to an existing building X
Paid 3,000 to change the rubber belts on factory equipment as part of normal monthly maintenance X
Distributed cash to the owners as a dividend X




roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Jul 5, 2018
:D TYSM


xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

For a complete list of videos, visit our video library