Management accounting reports
A) are primarily used by parties inside the organization.
B) must be prepared on a periodic basis.
C) are generally publicly available.
D) are based on generally accepted accounting principles.
A
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The following journal entry is necessary upon discovery of a "NSF" check during a bank reconciliation:
Select one: A. Accounts receivable Cash B. Not Sufficient Funds Expense Cash C. Miscellaneous Expense Cash D. No entry is necessary because the bank makes the entry.
With respect to a landlord's right to terminate a commercial lease, which of the following statements is TRUE? The landlord
A) has to give notice of failure to pay rent B) does not have to give notice of failure to pay rent C) has to give notice of a breach of lease D) does not have to give notice of a breach of lease E) Both B and C