Which of the following is the best example of a Type I subsequent event?
a. A related-party transaction occurs during the course of the audit.
b. The company defaults on its line-of-credit with the bank subsequent to year end but previous to the release of the audit opinion.
c. Litigation that was accrued as a liability in the year under audit is settled subsequent to year-end for an amount in excess of estimates.
d. The company initiates an initial public offering subsequent to year-end.
c
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The last step in preparing a work sheet is to
a. prepare an adjusted trial balance; b. prepare a trial balance; c. total the Income Statement and the Balance Sheet columns; d. journalize the adjusting entries; e. analyze the financial statements.
Which of the following product mix pricing strategies involves pricing additional or accessory products sold along with the main product?
A) inclusive product pricing B) exclusive product pricing C) by-product pricing D) product bundle pricing E) optional-product pricing
Getting rid of false subjects can make your writing ____________
a. difficult to interpret b. long-winded c. unprofessional sounding d. more concise
The provision of outputs for an organization in an environmentally acceptable manner occurs via _____________.
What will be an ideal response?