Which of the following statements is true of external auditing?
a. Major focus areas are processes, including risks, controls, and effectiveness and efficiency of processes.
b. External auditors perform both assurance and consulting services for public companies.
c. Primary scope of services performed includes audits of financial statements.
d. The primary client for a public company is upper management.
c
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The first phase of cellular respiration is
A. the electron transport system. B. glycolysis. C. the citric acid cycle. D. the preparatory reaction. E. fermentation.
Discuss and give an example of one-to-one, one-to-many, and many-to-many record associations
The following costs are incurred by Gonzalez Manufacturing Co. Classify each cost item as either a period cost or a product cost. If the cost is a product cost, identify it as a prime and/or conversion cost. Place an x in the appropriate column for your answers.?Period CostProduct Cost??Prime CostConversionCostFactory property taxes.???Payroll taxes for assembly labor.???Depreciation of factory equipment.???Insurance on delivery vehicles???Indirect materials used???Wages of production workers.???Production supervisor's salary???Advertising???Direct materials used.???Sales salaries.???
What will be an ideal response?
The Canadian lobster harvest requires special handling coupled with rapid transportation to ensure the cargo reaches destinations alive. The favored transportation mode would be:
A. air B. water C. truck D. pipeline E. rail