Which of the following is the best argument against the use of negative accounts receivable confirmations?
A. Recipients are likely to feel that, in reality, the confirmation is a subtle request for payment.
B. There is no way of knowing if the intended recipients received them.
C. The inference drawn from receiving no reply may not be correct.
D. The cost-per-response is excessively high.
Answer: C
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Why can nonpolar molecules freely cross the cell membrane while polar molecules require energy?
What will be an ideal response?
Which of the following is not a control that the PCAOB has identified that auditors should consider in evaluating whether or not an organization has sufficiently addressed fraud risk?
a. Controls over significant, unusual transaction. b. Controls over related-party transactions. c. Controls related to marketable securities. d. Controls related to significant management estimates.
The dilemma of honesty is deciding how much to trust what the other party tells you.
Answer the following statement true (T) or false (F)
Which statement about job order cost systems is false?
a. For a service business, a finished goods account is not necessary. b. A job order cost accounting system may be used for a professional service business. c. None of these statements is false. d. For a service business, Cost of Services is similar to the cost of merchandise sold account for a merchandising business.