Use the information below to answer the following question(s):Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = I Decrease = D No Effect = NA(Note that "No Effect" means that the event does not affect that element of the financial statements or that the event causes an increase in that element and is offset by a decrease in that same element.) On January 1, Year 1, Craig Corporation began operations by issuing 5,000 shares of $6 par value stock at $12. 
What will be an ideal response?
(I) (NA) (I) (NA) (NA) (NA) (I)
Issuing common stock for an amount greater than par value increases assets (cash) and increases stockholders' equity (common stock and paid-in capital in excess of par value-common). It is reported as a cash inflow in the financing activities section of the statement of cash flows.
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In your own words, describe how the Institute of Internal Auditors (IIA) defines internal auditing.
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Identify and describe the three parts of the motivation process.
What will be an ideal response?
The moral support network is different from the professional support network in that:
A. a moral support network comprises only of personal contacts. B. a professional support network includes finding a mentor. C. moral support is less important than professional support. D. only the "cheering squad" provides moral support.
Which of the following best describes mutual commitment in an organization?
A) an instance in which management is committed to the employees and the employees are committed to management B) both management and the employees are committed to the same objective C) both management and the employees are committed, but to different objectives D) management obtains the commitment of the employees to a stated objective E) both management and the employees can rely on each other