The purpose of the ledger is to
a. keep a record of documentation to support each transaction.
b. make sure that all assets, liabilities, etc., have credit balances at all times.
c. record chronologically the day's transactions.
d. maintain a separate account for each asset, liability, etc.
D
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Which of the following results in a situation where an auditor has the least amount of difficulty in determining stock valuation?
a. When stock is issued for land. b. When stock is exchanged for another business. c. When stock options are issued and exercises occur. d. When stock is issued for cash.
Which of the following is NOT considered to be a Time-Series method of forecasting?
A) Simple Linear Regression B) Moving Average C) Exponential Smoothing D) Seasonality Analysis E) Multiplicative/Additive Decomposition
Stable Hydraulics Corporation's articles list an incorrect address for its incorporator. Under this circumstance, Stable is most likely
A. a corporation by estoppel. B. a de facto corporation. C. a de jure corporation. D. ultra vires.
Which of the following would be a correctly reported statistical test?
a. q = 16, p = .02 b. h > 43, p = .17 c. F = 19, p ? .87 d. None of the above