If assets increase $500 and liabilities decrease $200 during the period, owner's equity will:
a. increase $500.
b. increase $400.
c. decrease $700.
d. decrease $600.
e. increase $700.
e
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An auditor plans to examine a sample of 20 checks for countersignatures as prescribed by the entity's internal control procedures. One of the checks in the chosen sample of 20 cannot be found. The auditor should consider the reasons for this limitation and:
A. evaluate the results as if the sample size had been 19. B. treat the missing check in the same manner as the majority of the other 19 checks (i.e., countersigned or not). C. choose another check to replace the missing check in the sample. D. treat the missing check as a deviation for the purpose of evaluating the sample.
Validity and reliability are more important in academic research than in business research
Indicate whether the statement is true or false
Multichannel marketing is the blending of different ________ that are mutually reinforcing in attracting, retaining, and building relationships with consumers who shop and buy in traditional intermediaries and online.
A. communication channels B. pricing channels C. communication and delivery channels D. distribution channels E. direct and indirect channels
Two teenagers held up a gas station at gunpoint and ran off with a bag of money. The police saw them run into Jill's apartment building where there are only four apartments off a common hall and no apparent way out of the building but the front door. The police knock on Jill's door. She says she's the only one there. The police can:
A) search the apartment without a warrant because Jill voluntarily answered the door. B) search the apartment without a warrant because they are in hot pursuit of the fugitives. C) not search the apartment, because they have no reason to believe that the teenagers are in Jill's apartment rather than in the others. D) not search the apartment, because voluntary consent to enter is necessary.