The subsidiary ledger containing the individual accounts with suppliers (creditors).
What will be an ideal response?
accounts payable subsidiary ledger
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The goals of rater error training include:
A. Making raters aware of the performance standards required B. Making raters aware of the possible errors that might be made in rating C. Making raters aware of the possibility that subordinates will disagree with rates given D. Making raters aware of the possibility of lawsuits
On September 1st of the current year, Mooney Company writes a contract agreeing to sell to Berry Company 200,000 foreign currency (FC) units at a specific price of $2.14 per FC with delivery in 30 days. The spot rate at the end of 30 days is $2.17
The appropriate discount rate for both Mooney Company and Berry Company is 9%, and Mooney's year end is December 31. On the settlement of the contract, Mooney would record a a. gain of $6,000. b. gain of $5,955. c. loss of $6,000. d. loss of $5,955.