The matching convention assigns _____ to the related _____
a. expenses; revenues
b. revenues; revenues
c. assets; liabilities
d. liabilities; assets
e. assets; shareholders' equity
A
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At Home Service, Inc., employees stay with the organization for many years and develop skills on the job that help Home Service, Inc. become more efficient. This is consistent with Fayol's principle of
A. stability of tenure. B. order. C. discipline. D. unity of command. E. unity of direction.
A ____ line provides an always-on connection.
A. dial-up B. DSL C. both a. and b. D. neither a. nor b.
________ on a problem definition are the things that must be accomplished
A) Results B) Issues C) Requirements D) Objectives
If, after issuing an audit report, the auditors find that they have failed to perform certain significant audit procedures they should first:
A. Wait until the beginning of the next year's audit to determine whether misstatements have occurred. B. Notify regulatory agencies. C. Attempt to determine whether their report is still being relied upon by third parties. D. Notify legal counsel.