A syndicate is a temporary association of individuals or firms organized to perform a specific task that requires a large amount of capital.
Answer the following statement true (T) or false (F)
True
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An auditor vouched data for a sample of employees in a payroll register to approved clock card/time sheet data to provide assurance that:
A. segregation of duties exists between the preparation and distribution of the payroll. B. internal controls relating to unclaimed payroll checks are operating effectively. C. employees worked the number of hours for which they are paid. D. payments to employees are computed at authorized rates.
________ is pay stated as a percentage of a sale amount.
A) Salary B) Wage C) Commission D) Bonus
Lee Sisters reports income before income taxes of $20,000 during 2014. If beginning inventory was understated by $6,000 and ending inventory was overstated by $2,400, calculate corrected income before income taxes for the year. (Show your work.)
In determining your voice volume control, which one of these considerations would not be important
a. the amount of background noise. b. the distance between you and the receiver. c. the degree to which you want to publicize the message. d. the vocabulary you are using.