In which one of the following cases would an auditor most likely issue a qualified opinion?
a. There is a highly material, and very pervasive departure from SFAS No. 141 and No. 142.
b. There is a change in accounting principles promulgated by the FASB.
c. There is an immaterial dollar misstatement on the financial statements.
d. There is one material departure from GAAP that is affects only two accounts.
d
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Cell phone manufacturer LZT has to choose between two options for sourcing parts: Japan-based Keiko Inc and US-based Global Tech
Though Keiko's products are priced lower than Global's, the non-monetary costs of doing business with Keiko may lead LZT to choose Global Tech. What can Keiko do to obtain LZT's order?
Data analytics can provide deep insight into financial data, but is not particularly useful when evaluating non-financial data such as social media.
Answer the following statement true (T) or false (F)
Which of the following statements is TRUE of absorption and variable costing methods?
A) Both costing methods consider selling and administrative costs to be period costs. B) Variable costing considers variable selling and administrative costs to be product costs. C) Absorption costing considers fixed manufacturing overhead to be period costs. D) Both costing methods consider fixed manufacturing overhead to be product costs.
The Balanced Scorecard was originally proposed in 1996 by:
a. Guest and White (1996) b. Kaplan and Norton (1996) c. Guest (2000) d. Jamrog (2004)