Under the cash basis of accounting, expenses are generally deducted in the year they are paid
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is a major control risk related to payroll?
A) theft of inventory by staff B) a dishonest employee cashing a paycheck that was written to a fictitious person C) expenses being recorded as assets in order to manipulate earnings D) contracts being awarded to relatives of employees
Mutual funds pool money from investors to purchase portfolios of investments
Indicate whether the statement is true or false.
If one wanted to find the probability of ten customer arrivals in an hour at a service station, one would generally use the
a. binomial probability distribution b. Poisson probability distribution c. hypergeometric probability distribution d. exponential probability distribution
Rivals would find it difficult to challenge Atlas Door in the short run because of
A. high threat of substitution. B. high barriers to entry. C. weak customer loyalty. D. low buyer switching costs.