Free trade areas are compatible with GATT
Indicate whether the statement is true or false
true
You might also like to view...
If the landlord has rent , then the tenant has rent
a. revenue; revenue b. revenue; expense c. expense; revenue d. expense; expense
Management representation letters Barrett Jennings, CPA, has prepared a letter of representation for the president and controller to sign. The following items are contained in it: (a) Inventory is fairly stated at the lower of cost or market and
includes no obsolete items. (b) All actual and contingent liabilities are properly included in the financial statements. (c) All subsequent events, relevant to the financial statements, have been disclosed. Required: (1) Why is it desirable to have a letter of management representation letter from the client concerning these matters when the evidence accumulated during the course of the audit is meant to verify the same information? (2) How is the letter of management representation useful as audit evidence? (3) What are several other types of information commonly included in the management representation letter?
The risk component for entrepreneurs______.
a. is unavoidable and entrepreneurship is ideal for extreme risk-takers b. can be reduced with a good business plan c. can be reduced with diversification d. can be managed with the cycle of act–learn–build
A building-block approach to financial planning refers to
A) pursuing conservative investments and activities first. B) linking all investments and activities into one plan. C) a guide for achieving maximum wealth with limited resources. D) phases of the financial life cycle.