A hyphen can be used
a. to separate items in a series
b. to signal the end of an abbreviation
c. after prefixes in some words
d. both a and c
C
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Which of the following would not be a reason to lower the threshold for materiality?
a. The auditor is concerned with potential violations of debt covenants. b. There were proposed adjusting entries to a particular account in prior years. c. The consequences of a potential misstatement in an account balance are very high. d. The audit team wants to limit the amount of time spent at the client's facilities.
Studies carried out by social scientists regarding leaders and power suggest which of the following?
A. Few people are effected when put in a powerful position. B. Gaining power causes some people to lack empathy. C. When in a powerful position, most people can detect the emotions of followers. D. When in a powerful position, most people pay attention to the perspectives of their followers.
An acknowledgement of debt is sufficient to consider a promissory note as a negotiable instrument
Indicate whether the statement is true or false
If 100 shares of $50 par value stock were issued at $75 per share, how much would constitute capital surplus?
a. $750 b. $7,500 c. $2,500 d. A corporation cannot issue stock for higher than the par value.