The type of service organization control (SOC) report that is for general use is:
A. SOC 1.
B. SOC 2.
C. SOC 3.
D. SOC 4.
Answer: C
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Which of the following is a form of protectionism?
A) joint ventures B) bribery C) extortion D) collectivism E) local content rules
Both U.S. GAAP and IFRS require reporting that results in the more conservative measurement of earnings
Indicate whether the statement is true or false
Which of the following statements is TRUE?
A) Prior to a writ of summons being issued, a plaintiff must file an affidavit of documents with the court. B) Only the defendant must serve an affidavit of documents. C) The pleadings are not complete until there is a transcript of the examination for discovery. D) People do not have disclose their Facebook postings under the discovery of documents E) None of the above.
On January 1, Year 1, Carlyle Corporation issued a 5-year term note. The note requires an annual cash payment on December 31 of each year. The payment includes a principal repayment and interest. Indicate whether each of the following statements is true or false.________ a) The entry to record issuance of the note will increase assets and liabilities.________ b) The first payment on the note will reduce liabilities and assets, but will not affect equity.________ c) The second payment on the note will include higher interest expense than did the first payment.________ d) Each payment on the note includes a cash flow from operating activities and a cash flow from financing activities.________ e) The amount of the principal repayment will increase with each succeeding payment.
What will be an ideal response?