Which of the following is NOT a potential use of cash for a firm?
A) An increase in accounts receivable
B) An increase in taxes payable
C) A decrease in long-term debt
D) A decrease in retained earnings
B
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To gain assurance that all inventory items in an entity's inventory listing schedule are valid, an auditor most likely would trace:
A. inventory tags noted during the auditor's observation to items listed in receiving reports and vendors' invoices. B. items listed in the inventory listing schedule to inventory tags and the count sheets. C. inventory tags noted during the auditor's observation to items listed in the inventory listing schedule. D. items listed in receiving reports and vendors' invoices to the inventory listing schedule.
A substantive approach using only tests of controls is most commonly used to audit equity accounts
a. True b. False Indicate whether the statement is true or false
There are three types of nonresponse: refusals, break-offs, and item omission
Indicate whether the statement is true or false
Our ______ determine most of our behavior.
a. attitudes b. thoughts c. personality d. perceptions