Gross profit is calculated as:
A) total sales - cost of sales - selling, general, and administrative expenses - depreciation and amortization.
B) total sales - cost of sales - selling, general, and administrative expenses.
C) total sales - cost of sales.
D) None of the above
C
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Management documentation of the ICFR assessment should include all of the following except:
A. documentation regarding reasonable support for the basis for management's assessment and conclusion. B. documentation on the controls management concludes are adequate to address the entity's financial reporting risks. C. documentation regarding every control in a process. D. documentation regarding the design of controls management has placed in operation.
A proxy is effective until the shareholder revokes it
Indicate whether the statement is true or false
Values are
A. superficial in a society's belief system. B. static and resistant to change. C. universally held beliefs and the same across all societies. D. easily changed and the changes are easily accepted. E. invested with emotional significance.
An additional burden of CR may be that ___________________________
a. leadership will not know how to market the CR advantages. b. consumers may fear the products or services will just add cost regardless of the superiority of such. c. consumers may ask what is in it for them and shy away from the products or services. d. consumers may ask for greater transparency into how new practices will differ from old, and what the expected results will be.