Current auditing standards do not require the confirmation of receivables if accounts receivable are not material
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose you are among those who believe that the NLRA needs to be strengthened and reinforced. What kinds of changes might you advocate? Consider both legal decisions and legislative changes.
What will be an ideal response?
Tom, the production manager at Esday, was told by his supervisor to hire Elton, a 15- year-old, to operate an industrial machine. Hiring the 15-year-old violates the child labor laws. Tom:
a. should hire Elton. Tom has a duty to obey Esday's instructions. b. should hire Elton. Tom has a duty of care to ensure that the government does not discover that Elton is 15 years old. c. should not hire Elton. Tom has a duty of care and he would not be caring for Elton. d. should not hire Elton. Tom has a duty to obey Esday's instructions only if they are legal and ethical.
Ms. Marple's books and records for 2018 reflect the following information:Salary earned this year$65,000Interest on savings account (credited to her account in 2018, withdrawn in 2019)1,000Interest on county bonds earned and collected in 20182,000What is the amount Ms. Marple should include in her gross income in 2018?
A. $68,000 B. $65,000 C. $67,000 D. $66,000
Mention the causes or reasons of discontinuance or failure.
What will be an ideal response?