Which of the following is an antitrust statute:
a. the Clayton Act
b. the Federal Trade Commission Act c. the Sherman Act
d. the Federal Trade Commission Act and the Sherman Act
e. the Federal Trade Commission Act and the Sherman Act and the Clayton Act
e
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Which of the following statements included in management's assessment of the effectiveness of internal control over financial reporting would not cause the auditor to disclaim an opinion?
A. The entity plans to implement new controls. B. Management believes the cost of correcting a material weakness would exceed the benefits derived from implementing the new controls. C. Disclosure of material weaknesses corrected during the period. D. Management includes disclosures about corrective actions taken by the entity after the date of management's assessment.
The purpose of the Transaction Processing System includes all of the following except
a. converting economic events into financial transactions b. recording financial transactions in the accounting records c. distributing essential information to operations personnel to support their daily operations d. measuring and reporting the status of financial resources and the changes in those resources
The balance in Locksome Company's accounts payable account at December 31 . 2014, was $1,100,000 before considering the following information: • Goods shipped FOB shipping point on December 20, 2014, from a vendor to Locksome were lost in transit. The invoice cost of $20,000 was not recorded by Locksome. On January 6, 2015, Locksome filed a $20,000 claim against the common carrier. • On
December 27, 2014, a vendor authorized Locksome to return, for full credit, goods shipped and billed at $35,000 on December 2, 2014 . The returned goods were shipped by Locksome on December 27, 2014 . A $35,000 credit memo was received and recorded by Locksome on January 6, 2015. What amount should Locksome report as accounts payable in its December 31 . 2014, balance sheet? a. $1,120,000 b. $1,115,000 c. $1,085,000 d. $1,065,000
Describe the major advantages and disadvantages of external recruiting.
What will be an ideal response?