Punctuate the sentence correctly. The Great Fire of London began on September 2 1666 at the home of the kings baker
The Great Fire of London began on September 2, 1666, at the home of the king's baker.
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Which one of the following would NOT result in incremental cash flows and thus should NOT be included in the capital budgeting analysis for a new product?
A. Revenues from an existing product would be lost as a result of customers switching to the new product. B. Shipping and installation costs associated with a machine that would be used to produce the new product. C. The cost of a study relating to the market for the new product that was completed last year. The results of this research were positive, and they led to the tentative decision to go ahead with the new product. The cost of the research was incurred and expensed for tax purposes last year. D. It is learned that land the company owns and would use for the new project, if it is accepted, could be sold to another firm. E. Using some of the firm's high-quality factory floor space that is currently unused to produce the proposed new product. This space could be used for other products if it is not used for the project under consideration.
An auditor who uses a transaction cycle approach to assessing control risk most likely would test control activities related to transactions involving the sale of goods to customers with the:
A. Sale of long-term debt. B. Collection of receivables. C. Purchase of merchandise inventory. D. Payment of accounts payable.
Although people of the United States do not use intermediaries, the Japanese do use them
Indicate whether the statement is true or false.
Which of these is NOT true with regards to the duties of the owner of a trade secret?
A. The owner is obliged to take all reasonable precautions to prevent the secret from being discovered by others. B. The owner will not be protected by state unfair competition laws if he or she fails to take all reasonable precautions to protect the secret. C. Reasonable precautions may include fencing in buildings, placing locks on doors, and hiring security guards. D. The owner of a trade secret has an absolute right to the secret and, as such, need not do anything to prevent the secret from being discovered by others.