Which of the following characteristics of psychological capital refers to the will to succeed and the ability to identify and pursue the path to success?
A. resiliency
B. hope
C. efficacy
D. optimism
B. hope
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The AICPA's fundamental principles can be divided into four sections: purpose of the audit, responsibility of the auditor, performance of the audit, and reporting of the results
a. True b. False Indicate whether the statement is true or false
Larceny is easier to detect than skimming because:
a. larceny involves stealing cash after it has already been recorded in the company's accounting system. b. larceny involves fraudulent disbursements of cash, while skimming involves fraudulent receipts of cash. c. larceny involves stealing cash as it is paid by a customer. d. larcenies can take place in any circumstance in which an employee has access to cash.
You are leader of a group project for a class. The other group members seem insecure about whether they can complete the project, but it is apparent that they are competent enough to do a good job. In prior meetings you have been coaching them on the project. Based on SLII, which leadership style should you exhibit at the next meeting?
A. Style 1 B. Style 2 C. Style 3 D. Style 4
On August 1, Covington Motors pays £18,000 for insurance coverage for the next 12 months. On August 1, the firm records the following journal entry: Prepaid Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18,000 At the
end of each of the next 12 months, the firm records the following adjusting entry: a. Prepaid Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,500 Insurance Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . 1,500 b. Prepaid Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,500 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,500 c. Insurance Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,500 Prepaid Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,500 d. Liability for Prepaid Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1,500 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,500 e. Prepaid Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . 1,500 Liability for Prepaid Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,500