The confidence factor for nonstatistical sampling is based on:
A. the number of items in the account.
B. auditor judgment.
C. variability in the population and the risk of misstatement in the account.
D. the risk of misstatement in the account and the level of desired confidence.
Answer: D
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The Vernon Corporation was formed on January 2, 2018. The company sold 20,000 shares of $8.00 par value stock for $20.00 per share. On July 1, 2018, Vernon bought back 4,000 shares of stock for $24.00 per share. The treasury stock was resold on September 1, 2018 for $32.00 per share.Which one of the following is the entry to record the original sale of the stock?
A.
| DR Common stock | 160,000 | ? |
| DR Paid-in capital in excess of par | 240,000 | ? |
| CR Cash | ? | 400,000 |
B.
| DR Common stock | 240,000 | ? |
| DR Paid-in capital in excess of par | 160,000 | ? |
| CR Cash | ? | 400,000 |
C.
| DR Cash | 400,000 | ? |
| CR Common stock | ? | 240,000 |
| CR Paid-in capital in excess of par | ? | 160,000 |
D.
| DR Cash | 400,000 | ? |
| CR Common stock | ? | 160,000 |
| CR Paid-in capital in excess of par | ? | 240,000 |
During discontinuous change, one should manage innovation using the ______.
a. generational change approach b. experimental approach c. compression approach d. trial approach
As a manufacturer increases price, the ________ drops
A) target B) break-even point C) marginal revenue D) total cost E) variable cost
Why do employees remain silent or withhold information? Give an example of how to address this.
What will be an ideal response?