Choose the One Most Appropriate Response for Each

question 38

Multiple Choice

Choose the one most appropriate response for each.
-anaphase

• A)cytoplasmic division
• B)final phase of mitosis; daughter nuclei re-form
• C)two sister chromatids are joined here
• D)chromosomes condense and mitotic spindle begins to form
• E)chromosomes line up at spindle equator
• F)sister chromatids separate and move to opposite spindle poles
• G)form the mitotic spindle
• H)half of a chromosome in prophase
• I)in pairs in some eukaryotic cells; move to poles during spindle formation

Evaluate changes in a depositor’s account and the impact of certain events on bank reconciliations.

Describe the principles of internal control, including the control of cash and the use of a voucher system.

Understand the purpose and process of maintaining and replenishing a petty cash fund.

Analyze and prepare journal entries related to petty cash transactions, including establishment, replenishment, and adjustment of the fund size.

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Definitions:

Cash Realizable Value

The amount of money that can be obtained from an asset during its disposal or liquidation, after deducting any associated costs.

Note Receivable

This is a written promissory note where one party promises to pay another party a definite sum of money either on demand or at a specified future date.

Interest

The cost of borrowing money, expressed as a percentage of the total amount loaned, or the income earned on invested capital.

Note Receivable

A written promise that requires another party to pay the holder a specific sum of money on a specified date or on demand.