Answer the following statements true (T) or false (F)
1. An external auditor is responsible for assessing the effectiveness of a company's internal controls.
2. In an audit report in the annual report, a qualified opinion states that the financial statements are
presented fairly in all material respects.
3. An adverse opinion is issued if the auditor finds that the financial statements are not presented fairly.
4. Horizontal analysis is the study of percentage changes in line items in comparative financial
statements.
5. Horizontal analysis compares the change in each statement item from one year to the next.
1. TRUE
2. FALSE
3. TRUE
4. TRUE
5. TRUE
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Speaking from notes or an outline is often effective because
A) you can look at the notes instead of at your audience. B) you can maintain a natural speaking flow. C) it reduces the likelihood that you will improvise. D) it enables you to read the presentation word-for-word. E) it takes far less time to prepare than writing out the entire presentation.
The customer is a key component of the customer service environment that is directly under the control of the service provider and staff.
Answer the following statement true (T) or false (F)
LLL Company reported the following items on its 2019 financial statements:
a. Determine LLL's rate of return on total assets for 2019. Round final answer to two decimal places. Label your work and show computations.
b. What does the rate of return on total assets mean? Discuss your findings for LLL.
___________ listening is necessary when you must discern, understand, and remember. It means you must identify main ideas, understand a logical argument, and recognize the purpose of the message
Fill in the blank(s) with correct word