The canons of ethics adopted by the federal judicial conference states that judges should use their office to engage in political activity

a. True
b. False


b

Business

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Gross profit plus cost of goods sold equals

a. cost of goods available for sale; b. beginning inventory; c. ending inventory; d. purchases; e. net sales.

Business

Once the auditor obtains a fixed asset additions schedule from the client, the first audit procedure to perform is to test the existence of recorded additions

a. True b. False Indicate whether the statement is true or false

Business

The _____ displays (lists) cash receipts and disbursements from operating activities

a. bottom-up method b. top-down method c. indirect method d. direct method e. cash method

Business

When debt is used to finance the purchase of assets, the term or time span of the debt should always be shorter than the lifespan of the assets.

Answer the following statement true (T) or false (F)

Business