Which of the following is least likely to indicate possible financial statement fraud?
a. purchase of a small competitor that resulted in goodwill
b. transactions that generate nonoperating income
c. an unusually large transaction that resulted in income for the organization
d. financing transactions between related parties
a
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A decrease in the income tax payable account balance indicates the
a. income tax expense account balance is greater than the cash paid; b. income tax expense account balance is less than the cash paid; c. indirect method is used; d. direct method is used; e. none of these
Merchandisers usually end their fiscal year during the peak season
Indicate whether the statement is true or false
The _____ is the preferred entry point to a site which should start the navigation.
A. landing page B. homepage C. lead capture page D. reference page
Team-building programs are often not used by organizations because:
a. research shows they are not effective. b. managers are uncertain about the benefits of team building. c. the programs are very expensive to conduct. d. team members usually already have sufficient group process skills.