The auditor can best verify an entity's bond sinking fund transactions and year-end balance by
A. Recomputation of interest expense, interest payable, and amortization of bond discount or premium.
B. Confirmation with individual holders of retired bonds.
C. Confirmation with the bond trustee.
D. Examination and count of the bonds retired during the year.
C. Confirmation with the bond trustee.
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Needs and concerns of all parties involved are addressed under which approach to handling conflict?
a. position b. unite c. fight d. flight
Jane’s dad told her to empty the dishwasher before he got home from the gym or she would have a consequence. Jane felt that it was not her turn to do this chore and therefore watched TV instead. Jane’s dad received which outcome for his influence tactic?
A. compliance B. resistance C. adherence D. commitment
Which of the following describes the condition in which courts impose liability based on negligent design?
A) when the materials used by the manufacturer satisfy most of the standards acceptable in the trade B) when the risk of harm outweighs the utility of the product C) when the manufacturer fails to include a warning about obvious dangers D) when the manufacturer warns only the original purchaser and not the user
What is a dividend?
A. A distribution of earnings to shareholders. B. Refers to the amount earned resulting from the delivery or manufacture of a product or from the rendering of a service. C. Refer to the costs incurred in operating and maintaining a business. D. Anything owned that has value or earning power.