An instance of a subclass is not always an instance of its superclass
Indicate whether the statement is true or false
FALSE
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The most effective internal control procedure to prevent or detect the creation of fictitious credit memoranda for sales returns is to
a. supervise the accounts receivable department b. limit access to credit memoranda c. prenumber and sequence check all credit memoranda d. require management approval for all credit memoranda
Being right is good enough even if it hurts human relations in an organization.
Answer the following statement true (T) or false (F)
Many accountants argue that relevance and reliability often require trade-offs. Define both relevance and reliability and explain what is meant by "trade-offs" between relevance and reliability. Include in your explanation a specific example of where trade-offs could occur
A paragraph has coherence when each sentence
A) is connected smoothly to the sentence before and the sentence after. B) uses parallel construction to develop one idea consistently and logically. C) demonstrates the "you" attitude through implied or stated reader benefits. D) uses nondiscriminatory language. E) uses the appropriate typeface and mechanics.