Classify each of the following expenditures as capital expenditure (CE) or revenue expenditure (RE).
1. ________ Ordinary recurring repairs to keep the machinery in good working order
2. ________ Major overhaul to extend the useful life of a vehicle by three years
3. ________ Installation costs for a new machine
4. ________ Painting
1. RE
2. CE
3. CE
4. RE
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Control activities can be grouped as preventive controls and detective controls. Which of the following is a detective control?
a. System of authorizations b. Segregation of duties c. Independent checks d. Physical safeguards
As a form of computer fraud, what is eavesdropping?
Which of the following is NOT an advantage to plaintiffs alleging racial discrimination and filing under the Civil Rights Act of 1866?
A. a four-year statute of limitations B. unlimited compensatory and punitive damages C. assistance in filing from the Equal Employment Opportunity Commission D. applicability to all employees, not just those with 15 or more employees
How does the direct method differ from the indirect method?How does the choice of methods impact the amount of net cash flow from operating activities?
What will be an ideal response?