In a perfect market, investors are only concerned with total returns and are not concerned whether
it is in capital gains or dividend income.
Indicate whether the statement is true or false
TRUE
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During the first year of operations, employees earned vacation pay of $35,000 . The vacations will be taken duringthe second year. The vacation pay expense should be recorded in the second year as the vacations are taken bythe employees
a. True b. False Indicate whether the statement is true or false
Which of the following audit risk components may be assessed in qualitative terms?
A. Risk of material misstatement. B. Detection risk. C. Neither risk of material misstatement nor detection risk. D. Both risk of material misstatement and detection risk.
An organization's department follows a customer-centered sense-and-respond philosophy. The department is most likely practicing the product concept
Indicate whether the statement is true or false
Which of the following is one of Holiday Inn's hotel areas that show a particularly strong impact on revenue per available room?
a. Dining facilities b. The lobby c. The exterior d. Public restrooms e. Kitchen facilities