FICAlong dash—OASDI Taxes Payable would normally be shown on the balance sheet under long-term liabilities.
a. true
b. false
b. false
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In testing plant and equipment balances, an auditor may physically inspect new additions listed on the summary of plant and equipment transactions for the year. This procedure is designed to obtain evidence concerning management's assertions about classes of transactions and events, and specifically, which assertion?
A. Authorization. B. Occurrence. C. Classification. D. Cutoff.
The scripting process is answering interview questions using a formula which includes
a. answering the question directly, using a statistic or example to prove your point, and asking a follow up question. b. using a specific example that you have actually experienced and explain it in three sentences or less. c. directly answering the question, backing up the answer with a specific example, and tying the answer back to the company and/or the position. d. connecting the answer to the company itself no matter what.
Any communication by a retailer that informs, persuades, and/or reminds the target market is _____
a. the channel of communication b. retail promotion c. advertising d. public relations
Thompson raised 80 acres of corn, most of which he used to feed his own cattle. He locally sold what he did not use. Based on the Supreme Court's ruling in Wickard v. Filburn,
a. Congress has no authority over Thompson's activity based on the negative aspect of the Commerce Clause. b. Congress may regulate Thompson's farming activity because it has a substantial economic effect on interstate commerce. c. only Thompson's local government can regulate his farming activity. d. only Thompson's state and local governments can regulate his farming activity.