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NEW QUESTION: 1
What happens when you post a goods issue for a delivery document in sales?
There are THREE correct answers for this Question
Response:
A. An accounting journal entry is created
B. Inventory quantities are updated
C. The billing due list is updated
D. A warehouse transfer order is created
E. An invoice is created
Answer: A,B,C

NEW QUESTION: 2
HOTSPOT


Answer:
Explanation:

NEW QUESTION: 3
Which of the following situations is an example of materiality in accounting?
A. Company A receives an order from its largest customer, but it is a relatively small order. Company A does not make any entry into the accounts at the time it receives the order.
B. Company A wants to purchase $100,000 worth of fabric to use in its upholstery business. However, the supplier will not grant credit for a purchase that large, so Company A reduces the order to $20,000.
C. Company A initiates a relatively small new advertising campaign. Company A decides to include these costs as part of selling, general, and administrative expenses on the income statement rather than disclose them separately.
D. Company A owns land that it purchased for $100,000 twenty years ago. The land is now appraised at $250,000, but Company A does not adjust the value of the land in its accounts.
Answer: C