The _____ clause of a contract stipulates whether the supplier can assign its rights described in the agreement to another party, and whether subcontracting is permissible
a. key performance indicators and compensation
b. assignment and contracting
c. supply and delivery
d. scope of agreement
e. None of the above.
b
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Which assertions may be tested for the "transactions and events" category of management assertions?
A. Existence, rights and obligations, accuracy, authorization, and completeness. B. Occurrence, completeness, rights and obligations, accuracy, cutoff, and classification. C. Existence, completeness, rights and obligations, accuracy, cutoff, classification, and presentation. D. Occurrence, completeness, authorization, accuracy, cutoff, classification, and presentation.
A(n) _______ is a proven way of completing a task to produce a near optimum result.
Fill in the blank(s) with the appropriate word(s).
Which of the following is not included in cash and cash equivalents on a company's balance sheet?
A) A savings account at the bank B) A checking account at the bank C) A bank certificate of deposit for one year D) Petty cash
Martin Company purchases a machine at the beginning of the year at a cost of $66,000. The machine is depreciated using the double-declining-balance method. The machine's useful life is estimated to be 4 years with a $5500 salvage value. Depreciation expense in year 4 is:
A. $4125. B. $33,000. C. $2750. D. $5500. E. $15,125.