When would LIFO liquidation occur?
a. As a result of selling more units than are purchased during the period.
b. As a result of selling less units than are purchased during the period.
c. As a result of selling the same number of units that are purchased during the period.
d. Not enough information.
a
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Which of the following is not a type of audit opinion?
a. Unqualified opinion b. Qualified opinion c. Adverse opinion d. Clean opinion e. Disclaimer of opinion
Discuss and exemplify how to evaluate a thesis statement.
What will be an ideal response?
According to the case on Martha Stewart, her magazine, Martha Stewart Living, beat the competition because
a. her total focus on practical tips, recipes and other instructional material made her magazine more useful than magazines that had a high proportion of “fluff” b. her modest approach and demeanor was more appealing to average consumers than the other magazines’ focus on wild celebrities c. she realized that her fans wanted to see someone they could admire and identify with enjoying the lifestyles featured in her magazine d. she realized that the higher price of her magazine increased the status appeal of her magazine while also increasing her profit margin
Does the Family and Medical Leave Act apply to professionals like CPAs?
a. Yes, if they work for a company with at least 50 workers. b. Yes, but only if they are paid on an hourly basis. c. No, but the professional firm must provide adequate vacation and sick days. d. No, unless the employer specifically provides coverage.