An IT specialist is least likely to be necessary when:
A. the entity participates heavily in electronic commerce.
B. data are shared extensively among systems.
C. significant audit evidence is in electronic form.
D. the system has not changed from the prior year.
Answer: D
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In the case of partial destruction of identified goods before risk of loss passes to the buyer, the buyer has the option to avoid the contract or to accept the goods with due allowance from the contract price for the deterioration or deficiency
a. True b. False Indicate whether the statement is true or false
Determine the information missing from Table 7.7; then answer the following questions. How many week(s) of crashing are available for activity D in Table 2.9?
A) 0 B) 1 C) 2 D) 6
On December 31, 2016, the Town Hall Company had a deferred tax liability balance of $12,570, arising from an excess of MACRS depreciation for tax purposes over straight-line depreciation for accounting purposes. The tax effects of that timing difference are expected to reverse in the following years: ? Timing Enacted Deferred Year Difference Tax Rate Tax Liability 2017 $ 16,000 30% $ 4,800 2018 9,500 35% 3,325 2019 12,700 35% 4,445 ? ? ? $12,570 On January 27, 2017, Congress raised the effective income tax rate to 38% for all future years, including the current year, 2017. ? Required:Prepare the entry to record any adjustments necessary due to the income tax rate increase on January 27, 2017.
What will be an ideal response?
Taking advantage of a party in a contract situation due to the party's inexperience, and not due to any lack of disclosure on your part, is ethical
Indicate whether the statement is true or false