The addition of using robots in production systems has reduced the need for technicians and engineers
Indicate whether the statement is true or false
FALSE
Explanation: The use of robots may reduce some jobs in the production area, however, the need for technicians and engineers would most likely increase.
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Which of the following statements is true concerning intangible assets?
a. Intangible assets have no economic substance. b. Intangible assets lack physical existence. c. Intangible assets are listed in the stockholders' equity section of the balance sheet. d. Intangible assets appear in the current assets section of the balance sheet.
Which statement best reflects the issues associated with the computation of diluted earnings per share?
A) Diluted earnings per share represent the potential impact of all shares of common stock. B) When presenting comparative financial statements, the impact of convertible bonds must be included for both years. C) Common stock options are considered dilutive when the average market price is greater than the option price. D) The impact on the denominator is always the determinate of whether or not to use diluted earnings per share.
Which of the following statements is true of a court trial?
A. All civil cases are tried with a jury. B. The judge is the trier of fact in a jury trial. C. A jury is not required in a trial unless both parties request one. D. Prospective jurors are questioned by lawyers for each party.
Which of the following standards represents the standards followed by CPAs providing a review of a client's financial statements?
a. Statements on Standards for Accounting and Review Services. b. Statements on Auditing Standards. c. Statements on Standards for Consulting and Review Services. d. Statements on Accounting Principles.