Which of the following auditing procedures most likely would assist an auditor in identifying conditions and events that may indicate substantial doubt about an entity's ability to continue as a going concern?
A) Comparing the entity's amortization and asset capitalization policies to other
entities in the industry.
B) Reconciling the cash balance per books with the cut-off bank statement and the
bank confirmation.
C) Inspecting title documents to verify whether any assets are pledged as collateral.
D) Confirming with third parties the details of arrangements to maintain financial
support.
D) Confirming with third parties the details of arrangements to maintain financial
support.
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Which of the following would organizational citizenship behavior involve?
a. low loyalty to a specific leader b. conformist behavior c. helping coworker or others who might be struggling d. assuming accountability
Which source of resistance to change makes an organization slow to change after having followed the same rules and procedures for many years?
A. structural inertia B. group inertia C. limited focus of change D. threat to expertise
Dennis wants to open up a bowling alley in his community. What types of questions would be used in the research of the industry?
What will be an ideal response?
Mae Refiners, Inc., processes sugar cane that it purchases from farmers. Sugar cane is processed in batches. A batch of sugar cane costs $60 to buy from farmers and $13 to crush in the company's plant. Two intermediate products, cane fiber and cane juice, emerge from the crushing process. The cane fiber can be sold as is for $29 or processed further for $13 to make the end product industrial fiber that is sold for $61. The cane juice can be sold as is for $40 or processed further for $28 to make the end product molasses that is sold for $67.Which of the intermediate products should be processed further?
A. Cane fiber should NOT be processed into industrial fiber; Cane juice should be processed into molasses. B. Cane fiber should be processed into industrial fiber; Cane juice should be processed into molasses. C. Cane fiber should NOT be processed into industrial fiber; Cane juice should NOT be processed into molasses. D. Cane fiber should be processed into industrial fiber; Cane juice should NOT be processed into molasses.