In an integrated audit, the auditor issues an opinion on both the financial statements and internal control
a. True
b. False
Indicate whether the statement is true or false
True
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Under the corporate form of business organization,
a. ownership rights are easily transferred b. a stockholder is personally liable for the debts of the corporation c. stockholders' acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation d. stockholders wishing to sell their corporate shares must get the approval of other stockholders
On December 1, 2015, Sons, Inc borrowed money at the bank by signing a 90-day non-interest-bearing note for $40,000 that was discounted at 12%. Which of the following entries is not correct?
A) December 31, 2015?Interest Expense 400Discount on Note Payable 400? B) Feb. 1, 2016?Interest Expense 800Discount on Note Payable 800? C) December 31, 2015?Discount on Note Payable 400Interest Expense 400? D) December 1, 2015?Cash 38,800Discount on Note Payable 1,200Note Payable 40,000
Which leadership perspective theory explores the relationship between leaders’ personal qualities and characteristics and the way their traits differentiate leaders from nonleaders?
A. contingency leadership perspective B. knowledge leadership perspective C. trait leadership perspective D. behavioral leadership perspective
Products that are new to a company but not new to the marketplace are classified as ________ ________ entries.
Fill in the blank(s) with the appropriate word(s).