Cash — Payroll Checking is a(n):

The first step in the flow of accounting data is the preparation of source documents.

a. true b. false

Which of the following will cause a company's After-Tax ROE to increase?

a) An increase in the price per unit of its product with its unit sales unchanged b) A decrease in the price per unit of its product with its unit sales unchanged c) An increase in the share of its profits that it must give the government d) An increase in the interest rate it pays on its debt