An injury that occurs while an employee is commuting to or from work is usually not considered to have occurred on the job or in the course of employment and hence is not covered by workers’ compensation law.
Answer the following statement true (T) or false (F)
True
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During 2018, Lang Corporation reported cost of goods sold of $775,000. During the year inventory decreased $25,000 and accounts payable increased $12,500. How much cash was paid to suppliers during 2018?
A. $812,500 B. $737,500 C. $787,500 D. $762,500
Which of the following is true regarding the fraud triangle?
a. The three elements of the fraud triangle are inter-active. b. Rationalization for the fraud act is thought of after the fraud has been committed. c. The perceived ability to conceal the fraud act concerns the rationalization side of the fraud triangle. d. A financial pressure to commit fraud is the strongest pressure of the three fraud triangle elements.
A control account ________.
A) does not appear on the balance sheet B) has a balance that equals the sum of the balances in a group of related accounts in a subsidiary ledger C) is equivalent to a contra account and represents the offsetting nature of debits and credits on a firms financial statements D) holds individual accounts that support a general ledger account
A bias is:
a. an example of cultural pride. b. an example of impartiality. c. a way of thinking that is always negative. d. a way of thinking that prevents you from being impartial about a situation, issue, or person.