Explain the relationship between internal controls and substantive testing
The stronger the internal controls, the less substantive testing must be performed.
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How can triggers be applied to accomplish referential integrity?
What will be an ideal response?
Which of the following is more likely to be emphasized by the ‘power’ perspective of communication?
a. Through communication we communicate the way we feel to others b. Through communication we seek to influence and recruit others to our preferred views and interests c. Through communication we seek to produce and share common meanings and interpretations d. All of the above
Johann, a well-known musician, agrees to give ten guitar lessons to Elton for $2,000 . Nothing in the contract itself prohibits a delegation. If Johann delegates his obligation to Eugene, a second-year musical student and enthusiastic guitar player, then the delegation will probably be
a. permitted because contracts may be freely delegated. b. permitted because the contract is just for music lessons. c. prohibited because the contract is for service from a specific person. d. prohibited by the UCC because this is a sale of services.
Ashley Corporation uses a process-cost accounting system. The company adds direct materials and direct labor at the start of its production process; overhead cost is incurred evenly throughout manufacturing. The firm has no beginning work-in-process inventory; its ending work in process is 40% complete. Which of the following sets of percentages would be used to calculate the correct number of equivalent units in the ending work-in-process inventory?
A. Materials, 100%; labor 40%; overhead cost, 40%. B. Materials, 40%; labor, 40%; overhead cost, 100%. C. Materials, 40%; labor, 40%; overhead cost, 60%. D. Materials, 100%; labor, 100%; overhead cost, 40%. E. Materials, 100%; labor, 100%; overhead cost, 100%.