In addition to the audit of financial statements, comprehensive governmental auditing may also include audits of efficiency, effectiveness, and ________.
A) accuracy
B) economy
C) adequacy
D) fraud
B) economy
You might also like to view...
Fisher Company has 1,000,000 share of common stock with a par value of $10 . Additional paid-in capital totals $10,000,000 and retained earnings is $12,000,000 . The directors declare a 6% stock dividend when the market value is $5 . The reduction of retained earnings as a result of the declaration will be:
a. $0. b. $300,000. c. $600,000. d. $500,000. e. None of the answers are correct.
The product is the cost object when assigning indirect product costs
Indicate whether the statement is true or false
Before Carlos opened his new bakery, he baked a variety of sample cupcakes and cookies to sell at local farmers markets and other local events. Which stage of the scientific process of experimentation does this represent? a. asking lots of questions
a. asking lots of questions b. carrying out background research c. developing hypotheses d. testing the hypotheses by running experiments
A company reports the following information regarding its production cost:Units produced14,000 unitsDirect labor$13 per unitDirect materials$3 per unitVariable overhead? in totalFixed overhead$56,000 in totalRequired: Perform the following independent calculations.a. Compute total variable overhead cost if the production cost per unit under variable costing is $73.b. Compute total variable overhead cost if the production cost per unit under absorption costing is $73.
What will be an ideal response?