Increased scrap, excessive purchases, physical abnormalities, etc. are all examples of:

a. accounting anomalies.
b. external control weaknesses.
c. analytical anomalies.
d. unusual behavior.


c
FEEDBACK: a. Incorrect. Accounting anomaly involve problems with source documents, faulty journal entries, and inaccurate ledgers.
b. Incorrect.
c. Correct.
d. Incorrect. Behavior changes involves fear of getting caught, inability to look people in the eyes, unusual belligerence in stating opinions, etc.

Business

You might also like to view...

The general journal has all journal entry transactions listed by account title

Indicate whether the statement is true or false

Business

The Frank Company has issued 10%, fully participating, cumulative preferred stock with a total par value of $300,000 and common stock with a total par value of $900,000. Dividends for one previous year are in arrears. How much cash will be paid to the preferred stockholders and the common stockholders, respectively, if cash dividends of $222,000 are distributed at the end of the current year?

A) $85,500 to preferred and $136,500 to common B) $78,000 to preferred and $144,000 to common C) $60,000 to preferred and $162,000 to common D) $55,500 to preferred and $166,500 to common

Business

Which of the following is NOT an effective attitude when revising and proofreading documents?

a. The perspective of the audience is not as important as the writer's viewpoint. b. Proofreading and revising documents is essential to good writing. c. Other people can often make suggestions for improving one's writing. d. Spell check cannot catch all errors.

Business

If you see someone standing alone at a networking event, you should _______________.

a. leave the person alone b. hand him or her your business card and walk away c. not approach until you see someone else do so d. approach him or her and try to strike up a conversation

Business