The wordcomputerconsists of 64 bits, which is equivalent to _____ bytes
A) 6
B) 8
C) 16
D) 32
B
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A corporation's common stock dividends is
a. debited to Retained Earnings. b. credited to Retained Earnings. c. debited to Paid-In Capital. d. credited to Paid-In Capital.
A financial analyst is comparing two companies. Which of the following would cause major problems in the evaluation process?
a. One company has a fiscal year that ends on October 31, while the other company has a fiscal year that ends on August 31. b. One company reported nonoperating activities, while the other company did not. c. The companies operate in different industries. d. Inflation has been low for the past several years.
The audit objective of attribute sampling is to test the correctness of an account balance
a. True b. False Indicate whether the statement is true or false
Under an effective system of internal control, errors occur only as a result of fraud or dishonesty
Indicate whether the statement is true or false