Like other messages that convey unpleasant news, job-refusal letters are written inductively
Indicate whether the statement is true or false
T
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Should nonfinancial indicators be used for assessing fraud risk? Why or why not?
a. No. A company's financial statement data need not always be consistent with its nonfinancial measures. b. Yes. Management can more easily manipulate financial numbers but finds it harder to keep all the nonfinancial information consistent with the financial information. c. No. Nonfinancial measures are indicative of physical assets alone. d. Yes. Management attempts to commit fraud first show up in these indicators. Financial statement fraud is an attempt to cover up those attempts.
Managing up is ______.
a. closely aligned with being an effective follower b. closely aligned with being an effective leader c. only important to the follower d. most important part of followership
First Street Restaurant incurred salaries expense of $60,000 for 2018. The payroll tax expense includes employer FICA tax, state unemployment tax and federal unemployment tax. Year-to-date earnings do not exceed $118,500. Of the total salaries, $17,000 is subject to unemployment tax. Currently, state unemployment tax is 5.4% and federal unemployment tax is 0.6%. Also, the company provides the following benefits for employees: health insurance (cost to the company, $2,500), life insurance (cost to the company, $700), and retirement benefits (cost to the company, 10% of salaries expense). Journalize First Street's expenses for employee benefits and for payroll taxes. Explanations are not required.
What will be an ideal response?
A person's needs are wants that are learned by a person, while wants result from a lack of something desirable.
Answer the following statement true (T) or false (F)