Which of the following would most likely be an appropriate addressee for an audit report?

A. The chief financial officer.
B. The shareholders of the corporation whose financial statements were examined.
C. The president of the corporation whose financial statements were examined.
D. A third party who requested that a copy of the audit report be sent to her.


Answer: B

Business

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GE Capital, GE's lending arm, uses ________ with financial institutions in South Korea, Spain, Turkey, and elsewhere to reach more geographic and technological markets and to diversify investments and risk

A) licensing deals B) direct investment C) indirect exporting D) joint ventures E) direct exporting

Business

Which of the following businesses has the most legitimate justification for not giving much to philanthropic purposes?

a. a very small company only six months after its founding b. a large corporation that has just undergone a restructuring c. a large corporation that is under investigation by the federal government d. a mid-sized company with decent profits that is about 10 years old

Business

If a company uses a periodic inventory system and receives a discount for early payment to the vendor, the company will record the cost reduction as:

a. a decrease to the Purchase Returns and Allowances account. b. a decrease in Cost of Goods Sold. c. an increase to the Purchase Discounts account. d. an increase in Sales.

Business

Consequential damages arise from circumstances outside a contract

Indicate whether the statement is true or false

Business