__________ include the ability to use methods and techniques to perform a task.
A. Technical Skills
B. Human Relations Skills
C. Business Skills
D. Human Resources
E. Revenue Skills
A. Technical Skills
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As detection risk increases, the amount of evidence an auditor needs to obtain decreases
a. True b. False Indicate whether the statement is true or false
Activity drivers can be classified as either ____ or ____
A) unit-level; non-unit-level B) exact; inexact C) inputs; outputs D) right; wrong
Transforming core values and ethical standards into cultural norms NEVER involves
A. immediately dismissing any employee caught violating the company's code of ethics or disregarding core values. B. having senior executives frequently reiterate the importance and role of company values and ethical principles at company events and internal communications to employees. C. screening out job applicants who do not exhibit compatible character traits. D. periodically having ceremonial occasions to recognize individuals and groups who display the values and ethical principles. E. instituting procedures for enforcing ethical standards.
Maggie Stern started a consulting business, Stern Consulting, on January 1, Year 1. The following events occurred in Year 1:1) Acquired $9,000 cash by issuing common stock2) Provided services on account, $27,5003) Paid cash for $13,500 in operating expenses4) Collected $11,000 of the revenue that was previously recorded on account5) Paid a cash dividend of $5,000 to the stockholdersRequired:a) Show the effects of the above transactions on the accounting equation. 
b) Prepare an income statement and statement of cash flows for Year 1.
What will be an ideal response?