Once in place controls cannot be adjusted, regardless of the results of risk assessment of systems in the organization
Indicate whether the statement is true or false.
F
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Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:1. Andrea invested $14,800 cash in the business in exchange for common stock. 2. Andrea contributed $33,000 of photography equipment to the business. 3. The company paid $3400 cash for an insurance policy covering the next 24 months. 4. The company received $7000 cash for services provided during January. 5. The company purchased $7500 of office equipment on credit. 6. The company provided $4050 of services to customers on account. 7. The company paid cash of $2800 for monthly rent. 8. The company paid $4400 on the office equipment purchased in transaction #5 above. 9. Paid $405 cash for January utilities. Based on
this information, the balance in the cash account at the end of January would be: A. $58,350. B. $17,850. C. $10,795. D. $14,845. E. $22,600.
Your employee who does the purchasing for a chain of hair salons you own has suggested buying a cheaper hair-coloring product that contains harmful chemicals. Is this a legal issue or an ethical one? Explain how ethical and legal issues are related when making business decisions.
What will be an ideal response?
Among the important components of the communication process is
A) enquiry. B) instrumentality. C) decoding. D) expectancy. E) modulation.
Kling Corporation reports a $150,000 cash tax savings from a temporary book-tax difference. This item has the same effect on Kling's current year effective tax rate as a $150,000 cash tax savings that is a permanent book-tax difference
a. True b. False Indicate whether the statement is true or false