Which of the following audit procedures would be least likely to disclose the existence of related party transactions of a client during the period under audit?
A. Reading "conflict-of-interest" statements obtained by the client from its management.
B. Scanning accounting records for large transactions at or just prior to the end of the period under audit.
C. Reading minutes of the Board of Directors meetings for authorization or discussion of material transactions.
D. Confirming purchases and sales transactions with the vendors and/or customers involved.
D. Confirming purchases and sales transactions with the vendors and/or customers involved.
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Which one of the following entries would not be likely to be made by a corporation?
A) Land XXCommon Stock, $10 stated value XXAdditional Paid-in Capital on Common Stock XX B) Cash XXCommon Stock, no-par XXAdditional Paid-in Capital on Common Stock XX C) Cash XXSubscriptions Receivable: Common Stock XXCommon Stock Subscribed XXAdditional Paid-in Capital on Common Stock XX D) Building XXCommon Stock, no-par XX
A new "smart" refrigerator has been designed with sensors that send information to the manufacturer about the refrigerator's use and performance
One advantage of the system is that it will detect any possible performance issues before they interfere with consumer use of the refrigerator and communicate that information to both the manufacturer and consumer so that service and/or repairs can take place immediately. This is an example of ________. A) the Internet of Things B) a data warehouse C) data mining D) sentiment analysis E) unstructured data
________ is communicating in a way more readily understood by and more agreeable to persons of another communication style
Fill in the blanks with correct word
When a company receives cash in advance from a customer, it should debit Cash and credit Accounts Receivable.
Answer the following statement true (T) or false (F)