In the context of self-determination theory, ________ refers to the need to feel interpersonally connected with others.
A. dexterity
B. relatedness
C. thoughtfulness
D. agility
Answer: B
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On February 12, Addison, Inc purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. On August 22, Lucas paid a $0.42 dividend per share. On November 10, 4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee. The journal entry to record the purchase would include a
a. debit to Investments for $132,000 b. credit to Cash for $132,000 c. debit to Investments for $132,240 d. credit to Investments for $240
The most common fraud committed on behalf of an organization is:
a. Vendor fraud b. Employee embezzlement c. Fraudulent financial reporting d. Customer fraud
Which asset is probably the most difficult to overstate under normal audit procedures?
a. Fixed assets b. Marketable securities c. Cash d. Accounts receivable
Which of the following procedures is not appropriate for examining or reviewing pro forma financial information?
a. Obtaining less evidence in an examination engagement than in a review engagement. b. Obtaining an understanding of the underlying transaction or event. c. Discussing management's assumptions regarding the effects of the transaction or event. d. Evaluating whether pro forma adjustments are completely recorded.