It looks ______ it's going to rain tomorrow
A) as if
B) like
A
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Which of the following describes the risk assessment component of internal control?
A) Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate. B) Risk assessment is the "tone at the top" of the business. C) A company must identify its risks and take necessary steps to minimize them. D) Risk assessment is designed to ensure that the business's goals are achieved.
The exchange of land held for investment purposes for stock in a real estate holding corporation held as an investment qualifies for like-kind treatment.
Answer the following statement true (T) or false (F)
A cost variance is the difference between actual cost and standard cost.
Answer the following statement true (T) or false (F)
Under normal economic conditions, the major source of risk faced by investors who purchase investment grade bonds is
A) purchasing power risk. B) interest rate risk. C) liquidity risk. D) default risk.