An accountant is required to discover every impropriety, defalcation, and fraud in a client's books.
Answer the following statement true (T) or false (F)
False
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The amount in the Dividends account should be carried over from the adjusted trial balance of the 10-column work sheet to which of the following columns?
a. Income statement as a debit b. Income statement as a credit c. Balance sheet as a debit d. Balance sheet as a credit
Which of the following is NOT one of the consequences of globalization?
a. an increase in strategic partnerships among global business partners b. an increase in joint ventures, licensing arrangements c. the formation of global supply chains d. an increase in consolidation of businesses
Choose the correct word or words in parentheses. We don't want to (lose, loose) good employees
Under the Revised Act, the filing of the articles of incorporation by the secretary of state is conclusive proof that the incorporators have satisfied all conditions precedent to incorporation so that a shareholder or creditor would be unable to challenge the existence of the corporation
a. True b. False Indicate whether the statement is true or false