An individual can maintain his or her personal financial statements using spreadsheet software
Indicate whether the statement is true or false
True
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Control risk is
a. the probability that the auditor will render an unqualified opinion on financial statements that are materially misstated b. associated with the unique characteristics of the business or industry of the client c. the likelihood that the control structure is flawed because controls are either absent or inadequate to prevent or detect errors in the accounts d. the risk that auditors are willing to take that errors not detected or prevented by the control structure will also not be detected by the auditor
The demand for Alpha Stampings' products is ultimately based on the demand for new automobiles in the consumer market. This is an example of ________ demand
A) negative B) latent C) primary D) derived E) composite
Firms with high proportions of intangibles, whether recognized as assets on the balance sheet or not, tend to rely more on
a. equity financing than on long-term debt financing. b. long-term debt financing than on equity financing. c. short-term debt financing than on long-term debt financing. d. long-term debt financing than on short-term debt financing. e. None of these answer choices is correct.
Maintaining a professional tone in communication is important for
A) Creating a pleasant image for your company. B) Keeping a customer's business. C) Motivating your team to ?nish a project. D) All of the above. E) A and B.