Which of these is not an exempt security under the 1933 Act?
A) Insurance policies
B) Annuities
C) Charitable bonds
D) None of the above
D
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Auditors of ERP systems
a. are concerned about segregation of duties just as they would be in traditional systems. b. focus on output controls such as independent verification because internal processing controls are known to be correct since best practices are used.. c. routinely audit data in the data warehouse because it is know to be clean and free from errors. d. need not review access levels granted to users since these are determined when the system is configured and never change.
Use this information to answer the following question. Beginning inventory 100 units @ $8.00 Purchase-Oct. 200 units @ $6.00 Purchase-Dec. 100 units @ $12.00 A periodic inventory system is used; ending inventory is 140 units. What is cost of goods sold under FIFO?
A) $1,760 B) $3,160 C) $2,160 D) $4,160
If assets are $99,000 and liabilities are $32,000, then equity equals:
A. $99,000. B. $198,000. C. $32,000. D. $67,000. E. $131,000.
Anchoring and adjustment heuristics can lead us to ___________, which is the tendency to over-rely on initial information while overlooking other important criteria.
a. Availability bias b. Projection heuristics c. Confirmation heuristics d. Anchoring bias