An auditor reconciles the total of the accounts receivable subsidiary ledger to the general ledger control account as of october 31. by this procedure, the auditor is most likely to learn of which of the following? a. an october invoice was improperly computedb. an october check from a customer was posted in error to the account of another customer with a similar namec. an opening balance in a subsidiary ledger account was improperly carried forward from the previous accounting periodd. an account balance is past due and should be written off.

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

Your own record of all your transactions. a. check register b. account statement

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right