Which of the following is not a proper use of notes?
a. To describe the nature and effect of a change in accounting principle, such as from FIFO to LIFO.
b. To indicate the basis for asset valuation.
c. To indicate the method of depreciation.
d. To correct an improper financial statement presentation.
e. To describe a firm's debt.
D
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Payroll taxes levied against employees become liabilities
a. the first of the following month b. when the payroll is paid to employees c. when data are entered in a payroll register d. at the end of an accounting period
Which of the following is a documentary symptom that relate to all kinds of understatement of liability fraud?
a. Transactions recorded in a complete or timely manner. b. Reconciliation statement on unexplained items. c. Unusual discrepancies between the entity's records and confirmation replies. d. Balances or transactions that have supporting documents.
Explain how heightened focus on cooperation affects communication
______ is the process by which individuals interpret the messages received from their senses and thereby give meaning to their environment.
A. Avoidance B. Perception C. Interpersonal attraction D. Internalization