Q7 Answer the following true and false questions

The A/R subledger is used to manage the individual account details of each of the company's suppliers. O True O False When there has been a change in the number of preferred shares during the period, a weighted average number of shares must be determined for the EPS calculation. O True O False Current Attempt in Progress Companies following IFRS must disclose changes in the allowance for doubtful accounts balance in the notes to the financial statements. O True O False New business cannot account for bad debts because they do not have any historical data in relation to collectible accounts. Que Multi O True O False Que Multi The reconciling items on the bank side will be items the company knows about but the bank does not. O True O False