Discovery sampling:
a. allows an auditor to make inferences about a sample based on a study of the population.
b. is only considered useful and efficient with relatively small populations.
c. is among the most difficult forms of statistical sampling to understand and implement.
d. All of the choices are true regarding discovery sampling.
e. None of the choices are true regarding discovery sampling.
e
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Assume that the custodian of a $585.00 petty cash fund has $107.50 in coins and currency plus $463.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include:
A. A debit to Petty Cash for $463.50. B. A credit to Cash Over and Short for $477.50. C. A debit to Cash for $449.5. D. A debit to Cash Over and Short for $14.00. E. A credit to Cash for $463.50.
The "S" in the SELL Sequence reminds the salesperson to show the benefits first.
Answer the following statement true (T) or false (F)
An agency whose appointed heads and members serve for fixed terms and cannot be removed by the U.S. president except for reasons defined by Congress is called a(n) ________ administrative agency
A) independent B) executive C) congressional D) permanent
The primary purpose of an ERP system is ________.
A. duplication B. integration C. customer acquisition D. process exploitation E. customization