Which of the following tests of details most likely would help an auditor determine whether accounts payable have been misstated?
A. Examining reported purchase returns that appear too low.
B. Reviewing bank transfers recorded as cash received from customers.
C. Examining vendor statements for amounts not reported as purchases.
D. Search for customer-returned goods that were not reported as returns.
Answer: C
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The journal entry a company records for the issuance of bonds when the contract rate is less than the market ratewould be
a. debit Bonds Payable, credit Cash b. debit Cash and Discount on Bonds Payable, credit Bonds Payable c. debit Cash, credit Premium on Bonds Payable and Bonds Payable d. debit Cash, credit Bonds Payable
In 2017, digital games generated more than three times the amount of digital music revenues.
Answer the following statement true (T) or false (F)
The relevance of a particular cost to a decision is determined by the: (CMA adapted)
A. number of decision variables. B. amount of the cost. C. potential effect on the decision. D. riskiness of the decision.
Jason has no need for recognition in his job. He is more interested in his team succeeding and the greater good of their community. What type of values-based leadership style is he exhibiting?
a. Authentic leadership b. Spiritual leadership c. Servant leadership d. Ethical leadership