Irrelevant costs are costs that are
a. different among alternatives.
b. avoidable costs.
c. opportunity costs.
d. sunk costs.
D
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LEXIS is a public database where the existence of legal proceedings against a company or key members of the company can be found
a. True b. False Indicate whether the statement is true or false
Which is following observations is TRUE?
a. Research shows that only people with a criminal mind set commit fraud. b. Fraud perpetrators usually can be distinguished from others on the basis of psychological characteristics. c. Most fraud perpetrators have profiles that are similar to those of other people. d. When fraud does occur, the most common initial reaction by those involved in the fraud is confession.
In which level of moral development would one who adheres to the laws of society be?
a. pre-conventional b. conventional c. post-conventional d. modern ethical
When firms that are temporarily short of cash and unable to borrow from usual sources convert accounts receivable into cash by pledging the accounts receivable, they disclose this information
a. on the income statement, only. b. on the balance sheet, only. c. on both the income statement and the balance sheet. d. by a footnote to the financial statements. e. in managements' discussion and analysis.