Of the three fraud factors (situational pressure, ethics, and opportunity), situational pressure is the factor that actually facilitates the act
Indicate whether the statement is true or false
F
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The date on which a cash dividend becomes a binding legal obligation is on the
a. declaration date b. date of record c. payment date d. last day of fiscal year
The accountant records only the events that affect the financial position of the entity and that can be reasonably determined in monetary terms
Indicate whether the statement is true or false
What is the ending balance in Finished Goods Inventory using absorption costing if 550 units are sold? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
Mackenzie, Inc. has collected the following data. (There are no beginning inventories.)
A) $1450
B) $1900
C) $4742
D) $3350
Knowledge-based resources tend to be more ________ in nature and therefore they are ________ difficult to protect against loss (i.e., the individual quitting the organization) than other types of capital, such as equipment, machinery, and land.
A. tacit; less B. tacit; more C. explicit; less D. explicitly; more