If an auditor discovers evidence of fraud, the planned audit procedures should be adjusted accordingly
a. True
b. False
Indicate whether the statement is true or false
True
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A random sample of 49 statistics examinations was taken. The average score, in the sample, was 84 with a variance of 12.25. The 95% confidence interval for the average examination score of the population of the examinations is
A. 83.45 to 84.55. B. 80.07 to 87.93. C. 83.29 to 84.71. D. 80.5 to 87.5.
Tim mails an offer to Brian on June 15 . Brian receives the offer on June 16 . Tim mails a revocation of the offer on June 17 . Brian mails a letter of acceptance on June 18 . Brian receives the revocation on June 19 . Tim receives the letter of acceptance on June 20 . Was a contract formed?
a. Yes, on June 16. b. Yes, on June 18. c. Yes, on June 20. d. No, the offer was revoked before acceptance.
Federal trademark protection may be obtained for the symbol of the U.S. flag
a. True b. False Indicate whether the statement is true or false
An NPV profile is most helpful in dealing with what type of problem?
A) Difficulty in forecasting cash flows B) The technical sophistication required to interpret NPV results C) The fact that some projects may have multiple NPVs D) Problems in estimating a firm's cost of capital E) Making a decision about a project when recommendations from the payback and NPV calculations conflict