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SteveS, MBA
Category: Homework
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Experience:  MBA from Top 5 US Business School, Tutoring Experience for Over Two Years
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Fin Acc -- 4 multi ques. Need help thanks!

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I tried and need help asap. Thanks I appreciate it!

The internal control objective most relevant to receivables is:
A. safeguard assets
B. comply with laws and regulations
C. operate efficiently
D. assess risk

Which of the following items should not be included in the cost of ending merchandise inventory?
A. units on consignment
B. purchased units in transit, shipped FOB destination
C. units on hand in the warehouse
D. both (a) and (c)

All of the following below are needed for the calculation of depreciation except:
A. cost
B. residual value
C. estimated life
D. book value

The costs incurred for property, plant and equipment can be classified into four stages. Which item below is not one of those stages.
A. in-service stage
B. preliminary stage
C. preacquisition stage
D. use stage

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