Which of the following is not a common test of control for marketable securities?
a. Review the minutes of the board meetings.
b. Review broker's advice for accurate recording of security
c. Inquire of management about its process for reclassifications.
d. Review reports of internal audits.
b
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The statement of ____________________ explains changes in the components of owners' equity during the period
Fill in the blank(s) with correct word
All of the following accounts have normal credit balances except
a. Investments b. Common Stock (Capital Stock) c. Accounts payable d. Service Revenue
The author distinguishes between the Accounting Information System and the management Information System based on
a. whether the transactions are financial or nonfinancial b. whether discretionary or nondiscretionary reports are prepared c. the end users of the reports d. the organizational structure of the business
Upward mobility, a value that strongly influenced attitudes in America's first 200 years, emphasizes:
a. hard work. b. nonconformity. c. self-dealing. d. unconventionality.