A medium- to large-scale network will likely utilize all three types of methods of data flow: simplex, half-duplex, or full-duplex
Indicate whether the statement is true or false
TRUE
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Which internal control procedure is followed when management authorizes the purchasing department to order goods and services for the company?
a. Segregation of duties b. Safeguarding of assets and records c. Independent verifications d. Proper authorizations
Which of the following statements is wrong regarding continuous audit?
A. Continuous audit is used to perform audit-related activities on a continuous basis. B. Technology plays a key role in continuous audit in analyzing trends and patterns of transactions, identifying exceptions and anomalies, and testing controls. C. Testing in continuous audits often consists of continuous controls monitoring and continuous data assurance. D. Continuous audit is frequently used to perform substantive tests and is used for testing of controls through transactional-data analysis.
The adjusting entry to record the amortization of a discount on bonds payable is
A) debit Discount on Bonds Payable, credit Interest Expense B) debit Interest Expense, credit Discount on Bonds Payable C) debit Interest Expense, credit Cash D) debit Bonds Payable, credit Interest Expense
The difference between a vertical cooperative advertising agreement and a horizontal cooperative advertising agreement is based on _____
a. media utilized b. cost sharing participation levels c. message standards d. which channel members are involved