Which of the following is an exception to the suretyship provision requirement under the statute of frauds?
A) A collateral promise made to the creditor
B) A promise, the leading object of which is to obtain an economic benefit for oneself
C) A collateral promise where there are three parties and two contracts involved
D) A promise by an executor to pay the debts of the decedent from the executor's own funds
B
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After obtaining an understanding of internal controls and assessing control risk of an entity, an auditor decided not to perform tests of controls for purposes of the audit. The auditor most likely decided that:
A. the assessed level of inherent risk exceeded the assessed level of control risk. B. a reduction in the assessed level of control risk is justified for certain financial statement assertions. C. it would be inefficient to perform tests of controls that would result in a reduction in planned substantive procedures. D. the available evidential matter obtained through tests of controls would not support an increased level of control risk.
Principles of lean include ______.
A. willingness of managers to impose strict controls on workers B. elimination of waste and inefficiency C. avoiding government regulation D. ensuring that only the most essential products are manufactured
Suppliers are also known as ________
Fill in the blanks with correct word
The filing of a petition for involuntary bankruptcy does not grant an automatic order of relief
Indicate whether the statement is true or false