Long-lived assets found on a company's balance sheet may include some assets that have no physical substance.
Answer the following statement true (T) or false (F)
True
Long-lived assets reported on the balance sheet may include both tangible assets (e.g., equipment, land, building), and intangible assets (e.g., patent, trademark, goodwill) that have no physical substance.
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Which of the following is not one of the reasons auditors should consider the use of CAATs?
A. ISACA standards require IS auditors to obtain sufficient, reliable, and relevant evidence, and should perform appropriate analysis of this evidence. B. GAAS requires auditors to gather sufficient and appropriate evidence in the course of audit field work. C. The IIA professional practices state that auditor must consider the use of technology-based auditing tools when conducting audits. D. GAAP stipulates that audits should be performed using tools and techniques appropriate to the evidence being reviewed.
The ________ concept specifically focuses on the future welfare of customers, but not on future company needs
A) societal marketing B) strategic planning C) sustainable marketing D) marketing E) selling
Horizontal price fixing is also called resale price maintenance.
Answer the following statement true (T) or false (F)
In a summary cash budget, the total cash available is calculated by:
A) adding the cash receipts and deducting the cash disbursements from the beginning cash balance. B) adding the cash receipts to the beginning cash balance. C) adding the cash receipts and borrowings to the beginning cash balance. D) adding the cash balance before borrowing to interest on line of credit.