There are no federal common law crimes.
Answer the following statement true (T) or false (F)
True
There are no federal common law crimes.
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Which of the following explanations might satisfy an auditor who discovers significant debits to an accumulated depreciation account?
A. A reserve for possible loss on retirement has been recorded. B. Prior years' depreciation charges were erroneously understated. C. An asset has been recorded at its fair value. D. Several fully depreciated assets were retired during the year.
Which of the following evidences delivery of product to customers sufficient for company recording as revenues?
a. A check received from the customer. b. An agreement to purchase product signed by the customer. c. A pick ticket in the warehouse. d. A bill of lading and tracking number with the shipper.
Broadly speaking, cost accounting can be defined as a(n)
a. external reporting system that is based on activity-based costs. b. system used for providing the government and creditors with information about a company's internal operations. c. internal reporting system that provides product costing and other information used by managers in performing their functions. d. internal reporting system needed by manufacturers to be in compliance with Cost Accounting Standards Board pronouncements.
TAL Apparel's management of its supply chain for Stafford shirts sold at JCPenney is an example of which of the following?
A) blanket orders B) standardization C) postponement D) lot size reduction E) single-stage control of replenishment