Given two statistically dependent events (A,B), the conditional probability of P(A|B) = P(B)/P(AB)
Indicate whether the statement is true or false
FALSE
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All of the following tests of controls will provide evidence that adequate computer virus control techniques are in place and functioning except
a. verifying that only authorized software is used on company computers b. reviewing system maintenance records c. confirming that antivirus software is in use d. examining the password policy including a review of the authority table
A building with a cost of $153,000 and accumulated depreciation of $42,000 was sold for a $11,000 gain. When using the indirect method, the cash generated from this investing activity was $121,000
Indicate whether the statement is true or false
As a firm's sales grow, its current assets also tend to increase. For instance, as sales increase, the firm's inventories generally increase, and purchases of inventories result in more accounts payable. Thus, spontaneous liabilities that reduce AFN arise from transactions brought on by sales increases.
Answer the following statement true (T) or false (F)
One element that normally must exist for a person to be convicted of a crime is the performance of a prohibited act
Indicate whether the statement is true or false