To develop effective messages, know your audience, use specific words, bias-free language, and clichés
Indicate whether the statement is true or false
false
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________ refers to the knowledge that a representation is false.
A. Collusion B. Duress C. Ambiguity D. Scienter
The present value of a dollar available in a future period increases as the discount rate increases.
Answer the following statement true (T) or false (F)
The manager of Center A is responsible for generating cash inflows and incurring costs with the goal of making money for the company. The manager has no responsibility for assets. What type of responsibility center is Center A?
a. Cost center b. Discretionary cost center c. Profit center d. Revenue center
If a company erroneously records a $500 deposit as $50 in its records, which of the following must occur when reconciling its bank statement?
A) The company must increase the balance per its records by $500. B) The company must increase the balance per its records by $450. C) The company must decrease the balance per its records by $500. D) The company must decrease the balance per its records by $450.