You Will See the Warning Message That an Amount Is

question 8

Multiple Choice

You will see the warning message that an amount is not fully allocated when -

• A)you have not allocated an asset amount
• B)you posted an inventory purchase invoice with a cost variance amount
• C)you posted a customer receipt with discounts
• D)you allocated a freight amount to more than one division

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Definitions:

Contingent Activities

Actions or outcomes that are possible and might affect a project or transaction but their occurrence is dependent on future events.

Noncash Investing

Investing activities that do not involve immediate cash transactions, such as acquiring assets through the issuance of equity or exchanging one asset for another.

Financing Activity

Financial activities related to raising funds, repaying debt, and paying dividends, which are reflected in the cash flow statement.

Common Stock

A form of investment that signifies part ownership in a firm, granting the owner the right to vote and a portion of the corporation's earnings via dividends.