That auditor will do which of the following when the results of sample testing conclude that there is misstatement in excess of the tolerable misstatement?
a. Issue a disclaimer of opinion.
b. Throw out the sample.
c. Propose adjustments to the client.
d. Disclose the misstatement in the client's financial statements.
c
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Answer the following statements true (T) or false (F)
1. The architecture creates the ability of the guest to move through a narrative story and become immersed in fantasy. 2. Other people are part of the services-cape. 3. Hospitality settings should be designed to ensure smooth flow for only the guests. 4. Self-service technology versus a service experience accompanied by a human requires more focus on spatial design clarity and layout. 5. The three response factors lead a guest to make one of two choices: approach or avoid.
Annual report in which management states its responsibility for internal control and provides an assessment of its internal control is called a(n) ____________________
Fill in the blank(s) with correct word
On January 1, Year 1, Milton Manufacturing Company purchased equipment with a list price of $88,000. A total of $4,000 was paid for installation and testing. During the first year, Milton paid $6,000 for insurance on the equipment and another $2,200 for routine maintenance and repairs. Milton uses the units-of-production method of depreciation. Useful life is estimated at 100,000 units, and estimated salvage value is $8,000. During Year 1, the equipment produced 13,000 units. What is the amount of depreciation for Year 1?
A. $10,920 B. $12,740 C. $11,960 D. $11,700
When a company uses idle cash to invest in equity securities with less than 20% ownership, its total equity will increase
Indicate whether the statement is true or false