Elements declared in a package are considered ____________________ if they can be called only from other program units within the same package.
Fill in the blank(s) with the appropriate word(s).
private
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Older workers are more likely than younger workers to be short-tenured employees.
Answer the following statement true (T) or false (F)
Bank transfer schedules are used by the auditor to address which of the following concerns?
a. Lapping. b. Kiting. c. Embezzlement by omitting outstanding checks on reconciliation. d. All of the above.
____________ are used to gather consumer opinions on existing products, new product ideas, future buying habits, and opinions of competitor products.
What will be an ideal response?
[The following information applies to the questions displayed below.]On January 1, Year 1, Jing Company purchased office equipment that cost $34,000 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,000. The equipment had a five-year useful life and a $12,000 expected salvage value.Assume that Jing Company earned $30,000 cash revenue and incurred $19,000 in cash expenses in Year 3. The company uses the straight-line method. The office equipment was sold on December 31, Year 3 for $16,000. What is the company's net income (loss) for Year 3?
A. $6,600 B. $600 C. $5,400 D. ($6,600)