If evidence of a possible crime is presented to a prosecuting attorney, they must bring criminal proceedings against the accused
a. True
b. False
Indicate whether the statement is true or false
False
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On December 31, Strike Company sold one of its batting cages for $50,000 . The equipment had an original cost of$310,000 and has accumulated depreciation of $260,000 . Depreciation has been recorded up to the end of theyear. What is the amount of the gain or loss on this transaction?
a. no gain or loss b. loss of $50,000 c. gain of $50,000 d. cannot be determined
According to the AICPA, the auditor needs to form an opinion on the financial statements based on an evaluation of the audit evidence obtained. This is stated in which AICPA principle governing an audit conducted in accordance with GAAS?
a. Principle 1 b. Principle 4 c. Principle 5 d. Principle 7
A party who is owed a right under a contract is called an obligor
Indicate whether the statement is true or false
The trademark symbol TM is used to indicate a registered mark.
Answer the following statement true (T) or false (F)