The statement of cash flows became a required statement in which year?
a. 1995
b. 1978
c. 1971
d. 1987
e. 1993
D
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Jiang, an accountant, is assigned by Wanley Inc. to perform an audit and prepare an annual report for its shareholders. Jiang fails to execute his duty with sincerity as he fails to discover embezzlement by a chief accountant of the firm, which is later discovered by the firm's creditors. In this scenario, Jiang's breach of duty might also trigger an action in breach of the contract between Jiang and Wanley Inc. because:
A. liability of the accountant is never civil or criminal in nature. B. the relationship between the accountant and the client is contractual in nature. C. a breach of duty always follows generally accepted accounting principles. D. the relationship does not have an express agreement.
Which of the following serves as the journal of last resort?
A) purchases journal B) sales journal C) general journal D) cash payments journal
All courts require a fact pleading
Indicate whether the statement is true or false
An employer's interference with the employee's right to bargain collectively is not an unfair labor practice
Indicate whether the statement is true or false