The auditor selects a sample of asset disposals and examines the sales documentation evidencing disposal of the equipment and recomputes gain or loss on the disposal. This audit steps primarily tests which of the following assertions for the equipment account?

a. Existence.
b. Presentation and disclosure.
c. Rights.
d. Valuation.


d

Business

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Assets are converted to revenues as they benefit the company

Indicate whether the statement is true or false

Business

Sarah and Joe are both sales members for their company’s executive sales team. Sarah has worked for the company for about two years longer than Joe has. She experiences some of the perks of seniority (e.g., higher salary and established relationships with supervisors) but nonetheless fills the same position as him. Which type of workplace relationship is Sarah and Joe’s?

a. peer b. romantic c. equitable d. superior-subordinate

Business

Total quality management (TQM) focuses on improving the quality of an organization's products and services

Indicate whether the statement is true or false

Business

A cost that changes with the level of output is called a(n)__________cost

Fill in the blanks with correct word.

Business