LMN Company has a June 30 year-end and maintains three bank accounts: City Bank-Regular, City Bank-Payroll, and Metro Bank- Special. Your analysis of cash disbursements records for the period June 23 to July 6 reveals the following bank transfers: Check No. 2476 2890 3140 A1006 A1245 3402 Date of Check June 23 June 25 June 28 June 29 June 30 June 30 Bank Drawn On Regular Regular Regular Special Special Regular Payee Payroll Payroll Special Payroll Regular Special Amount $100,000 200,000 100,000 50,000 25,000 125,000 You determine the following facts about each of the first five checks: (1) the date of the cash disbursements journal entry is the same as the date of the check, (2) the payee receives the check two days later, (3) the payee records and deposits the check on the day it is received, and (4) it takes five days for a deposited check to clear banking channels and be paid by the bank on which it is drawn. Check 3402 was not recorded as a disbursement until July 1. This check was picked up by the payee on the date it was issued, and it was included in the payee's after-hours bank deposit on June 30. What are the purposes of the audit of bank transfers? 11

What is the confirmation process?

Define divestiture

What is the meaning of Intestate?

Subject to appreciation definition

what is stare basis?

Gayner Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for November. Variable Actual Fixed Element Element per Total for per Month November Well Serviced 4,300 $ 148,400 Revenue Employee salaries and 1,000 $ 006 wages 009 2$ 20,200 Servicing materials $29,600 30,300 Other expenses When the company prepared its planning budget at the beginning of November, it assumed that 30 wells would have been serviced. However, 34 wells were actually serviced during November. The spending variance for "Servicing materials" for November would have been closest to: MacBook Air い DD 888 delete 8. 6 9 %24 %24 %24 %24 %24

Duality effect is described as

What is managments primary goal?