The assembly time for a product is uniformly distributed between 6 to 10 minutes. The probability of assembling the product in 7 minutes or more is
a. 0.25
b. 0.75
c. zero
d. 1
B
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If the auditor's assessment of audit risk is low (e.g., 1% rather than 5%), what is the effect on the amount of direct testing performed by the auditor?
a. Increase in direct testing. b. Decrease in direct testing c. No change in direct testing. d. Direct testing is not needed.
If an individual has purpose, it includes:
a. the quality we choose to shape our lives around and being a source of energy b. being a source of energy and source of direction c. being a source of direction d. the quality we choose to shape our lives around, being a source of energy, and being a source of direction
On January 2, 2012, Golden Corporation sold $800,000 of bonds for $785,000. The bonds will mature in 10 years and pay interest annually on December 31. Golden properly recorded the payment of interest and amortization of the discount using the effective interest method. Which of the following statements is true about the carrying value of the bonds and/or the unamortized discount at the end of
2012? A) The carrying value will be less than $785,000. B) The carrying value will be $785,000. C) The carrying value will be greater than $785,000. D) The unamortized premium will be more than $15,000.
If an audience member asks a question you don’t like, you should do any of the following EXCEPT
a. maintain your composure. b. express your respect for the questioner. c. rephrase the question more appropriately. d. not answer the question.