Which of the following statements is true?
A. Direct costs can be traced easily to a cost object, but indirect costs cannot be easily traced to a cost object.
B. Neither direct nor indirect costs are easily traced to a cost object.
C. Indirect costs can easily be traced to a cost object; direct costs cannot be easily traced to a cost object.
D. Both direct and indirect costs can easily be traced to a cost object.
Answer: A
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An "integrated audit" as stated in Section 404 of the Sarbanes-Oxley Act means:
A. the auditor must integrate the same objectives whether auditing internal control or auditing the financial statements. B. the auditor must consider the integrated thoughts and ideas of everyone on the audit staff. C. the auditor must conduct two audits, one on the effectiveness of internal control and one on the financial statements, in an integrated way. D. two independent CPA firms must work together on the audit.
Francis Company had operating expenses of $20,000 and depreciation expenses of $4,000 . Assuming no other transactions, what was the cash paid for operating expenses?
a. $24,000 b. $22,000 c. $16,000 d. $20,400 e. $23,000
Which of the following words does not require the doubling of the final consonant when adding the suffix "ing" to it?
A. Fix B. Plan C. Tap D. Ship
If a change agent agrees to implement an intervention even in the absence of data to support it, this is an example of which ethical issue?
a. misrepresentation of the intervention b. misrepresentation of the consultant’s skill level c. collusion with the client d. coercion and manipulation of the client or organizational members