Sales Tax is a contra-revenue account and is shown on the income statement as a reduction in the sales amount
Indicate whether the statement is true or false
F
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An auditor plans to examine a sample of 20 checks for countersignatures as prescribed by the entity's internal control procedures. One of the checks in the chosen sample of 20 cannot be found. The auditor should consider the reasons for this limitation and:
A. evaluate the results as if the sample size had been 19. B. treat the missing check in the same manner as the majority of the other 19 checks (i.e., countersigned or not). C. choose another check to replace the missing check in the sample. D. treat the missing check as a deviation for the purpose of evaluating the sample.
______ incentives provide reinforcement for actions of more than one individual within the organization.
A. Individual B. Group C. Cultural D. Structural
Fact Pattern 2-1AJava Cafes, Inc., and Kaffe Import Corporation dispute a term in their contract.Refer to Fact Pattern 2-1A. Resolving the dispute between Java and Kaffe by having a neutral third party render a binding decision is one of the advantages of
A. arbitration. B. conciliation. C. intervention. D. mediation.
______ promotes honesty, sincerity, and candor.
A. Justice B. Mutuality C. Integrity D. Humility