Activities require time to complete while events do not
a. True
b. False
Indicate whether the statement is true or false
True
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The normal order followed by the FASB in publishing its standards is
a. statement, discussion memorandum, opinion. b. discussion memorandum, interpretation, exposure draft, statement. c. exposure draft, discussion memorandum, statement. d. discussion memorandum, exposure draft, statement.
Financial statement auditors, under SAS 99, are required to make inquires about possible fraudulent activity of all of the following parties except:
a. bond holders. b. internal auditors. c. audit committee members. d. management.
MACRS depends upon the type of property
Indicate whether the statement is true or false
Troy Nolan, age 17, was in a Games and Stuff store browsing. Troy frequented Games and Stuff but did not always make a purchase. After 45 minutes of looking, Troy picked up his skateboard, put his hand in his pocket, and headed toward the door. The day manager yelled from the back of the store to the cashier at the front of the store, "Stop the kid with the skateboard. He's stolen two games."
There were 22 people in the store who heard the statement. Troy had not taken the games. Troy: A) will be successful in a defamation suit against Tower. B) has no course of action because of the shopkeeper's privilege. C) has no basis for recovery. D) could recover only for false imprisonment.