The minus side of a T account is the side that represents the normal balance of that account
Indicate whether the statement is true or false
false
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Electronic retailers can collect transaction data for their data warehouse, but they can also collect information by placing cookies on a visitor's hard drive. Cookies are
A. text files used exclusively to determine demographic information. B. text files that identify pirated software. C. viruses. D. files that identify visitors when they return to a website. E. frequent-shopper rewards.
The phrases “In conclusion,” “To review,” “In closing,” or “Let me end by noting . . .” are examples of ______ in your conclusion.
a. transitional phrases b. main points c. arguments d. closing phrases
Short selling involves the sale of depreciated stock at a price below the amount borrowed on margin
Indicate whether the statement is true or false.
Ann McEachron is an administrative assistant at a large international accounting firm. Her supervisor has asked her to destroy boxes of documents from an audit the firm conducted 2 years ago. The firm generally keeps records for 7 years, because of
potential tax liability and issues, but it has destroyed documents earlier in cases in which the amount of paperwork becomes overwhelming. Ann wonders about the request, but complies with her supervisor's order. ? The company that was the subject of the audit is currently under criminal investigation and the partner in the accounting firm who conducted the audit is aware of that investigation. ? It is a federal crime to destroy documents that are involved in or could potentially be involved in either a civil or criminal investigation. Evaluate the criminal liability of Ann, her supervisor and the partner for the destruction of the documents. Would your answer be different if Ann had read in the newspaper about the criminal investigation of the company?