Answer the following statements true (T) or false (F)
1. PCAOB auditing standards must be followed on all financial statement audits performed in the U.S.
2. A financial statement audit must be conducted based on GAAP.
3. Generally, the financial statements of U.S. companies must be prepared based on GAAP.
4. PCAOB auditing standards must be followed on all audits of public companies' financial statements.
1. FALSE
2. FALSE
3. TRUE
4. TRUE
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The purpose of the invoice is to bill the customer
Indicate whether the statement is true or false
According to path–goal theory, when a follower encounters some type of obstacle at work, the leader should help. What are two actions the leader can take?
What will be an ideal response?
Sexual harassment involves ______.
A. language B. looking C. touching D. all of these
Ravi makes an offer to buy Abdul's house. The offer is conditional upon Ravi arranging financing. Before the offer expires, Ravi finds another house more to his liking. He makes no effort to arrange financing for Abdul's house
Can Abdul sue Ravi for breach of contract? A) No. The offer was conditional on Ravi obtaining financing, and he didn't. B) No. The condition could have been waived, but it wasn't. C) Yes. Ravi was obliged to make a good faith attempt to fulfill the condition, and clearly he didn't, so he cannot rely on the condition not being met. D) Yes. This condition was against public policy and therefore Ravi could not rely on it. E) Yes. Abdul waived the condition, so Ravi cannot rely on it.