As the Supreme Court has explained, for a state to have jurisdiction over an out-of-state business there must exist:
a. "significant business relationships" b. a "direct physical relationships"
c. "substantial business contacts"
d. intrastate business in another state
e. none of the other choices are correct
e
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Which of the following circumstances most likely would cause an auditor to believe that material misstatements may exist in an entity's financial statements?
A. The chief financial officer does not sign the management representation letter until the last day of the auditor's fieldwork. B. Management consults with other accountants about significant accounting matters. C. Audit trails of computer-generated transactions exist only for a short time. D. Accounts receivable confirmation requests yield significantly fewer responses than expected.
Test-retest reliability is an approach for assessing reliability in which respondents are administered identical sets of scale items at two different times under as nearly equivalent conditions as possible
Indicate whether the statement is true or false
A truck that cost $12,000 and on which $9,000 of accumulated depreciation has been recorded was disposed of on January 1 . Assume that the truck was disposed of for $2,000 cash. The entry to record this event is:
a. Accumulated Depreciation— Truck 3,000 Truck 3,000 b. Accumulated Depreciation— Truck 11,000 Truck 10,000 Gain on Sale of Truck 1,000 c. Cash 2,000 Accumulated Depreciation— Truck 9,000 Loss on Sale of Truck 1,000 Truck 12,000 d. Truck 9,000 Accumulated Depreciation— Truck 9,000
Which of the following is known as the "lifeblood of the administrative process?"
a. Formal rulemaking b. Adjudication c. Informal procedures d. Ultra vires