Which of the following procedures will usually be performed by the auditor to determine if obsolete inventory exists?

a. Confirmation of inventory with customers.
b. Footing the inventory subsidiary ledger.
c. Tracing inventory ordered by the client to receiving reports.
d. Analysis of inventory turnover and sales reports.


d

Business

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What can a job candidate do to steer the discussion to areas that allow them to present qualifications to the best advantage?

A) Ask insightful and thoughtful questions B) Prepare a list of information and look for ways to present it when answering questions C) Begin the interview by explaining to the interviewer why you are right for the position D) Provide supplemental material to better explain your qualifications E) Limit your questions of the interviewer, showing that you have thoroughly researched the organization and are well prepared c

Business

What are the two main types of capital available for a new venture?

a. Seed and Series A b. Seed and debt c. Equity and debt financing d. Equity and Series B

Business

A firm has the balance sheet accounts, Common Stock and Paid-in Capital in Excess of Par, with values of $10,000 and $250,000, respectively. The firm has 10,000 common shares outstanding

If the firm had a par value of $1, the stock originally sold for ________. A) $24/share B) $25/share C) $26/share D) $30/share

Business

A quick search of Twitter for actor Hugh Jackman turns up several people listings, including @RealHughJackman, @JackmanHugh, @HughJackman, and @H_Jackman, among others. Only one is the "real" Hugh Jackman. The others are probably which of the following?

a. Lifestreaming. b. Avatars. c. Handle squatting. d. Brand butlers. e. Lurking.

Business