What is a function of elder care benefits offered by organizations?
A. providing tax exemptions on medical bills of the dependent elders
B. providing vouchers and discounts to help employees access the existing elderly care facilities
C. providing direct financial assistance
D. setting up elderly care facilities close to the workplace
E. providing information, referrals, and support
Answer: E
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Which of the following is not included in the prefatory parts of a formal report?
A) cover B) letter of authorization C) introduction D) table of contents E) title page
Which of the following statements is true?
a. If a debit entry is made to an account in the general journal, the same account will receive a credit entry when the amount is posted to the general ledger. b. If all transactions are correctly posted to the general ledger, the sum of the accounts with debit balances should be equal to the sum of the accounts with credit balances. c. Posting occurs when numbers in the general ledger accounts are transferred to the general journal. d. If the sum of the debit balances equals the sum of the credit balances then there were no mistakes made in the posting process.
What evidence is utilized by the auditor for analytical purposes in substantiating the completeness of the allowance for bad debt estimate?
a. Accounts receivable aging schedule. b. Copies of checks received from customers. c. Confirmations returned without exception. d. Stock prices of customer companies.
Larceny is easier to detect than skimming because:
a. larceny involves stealing cash after it has already been recorded in the company's accounting system. b. larceny involves fraudulent disbursements of cash, while skimming involves fraudulent receipts of cash. c. larceny involves stealing cash as it is paid by a customer. d. larcenies can take place in any circumstance in which an employee has access to cash.