Which layer in an OSI data communication networking model ensures that data passed up to the application layer is in a format understandable to that layer?
A) application layer
B) presentation layer
C) transport layer
D) network layer
B
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What should an audit team do when it discovers that fraud risk factors are present on an audit engagement?
a. Retract from the client and inform regulatory bodies. b. Modify procedures to actively search for the existence of fraud. c. Reduce the amount of evidence required and resort to management inquiry. d. Turn the audit over to forensic accountants.
What is required to prove fraud, as opposed to negligence?
a. Gross error b. Intent c. Preponderance of the evidence d. Confession from the perpetrator
A company's income statement showed the following: net income, $147,000 and depreciation expense, $36,900. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,700; merchandise inventory increased $22,600; and accounts payable increased $5700. Calculate the net cash provided or used by operating activities.
A. $178,700. B. $141,000. C. $212,500. D. $189,100. E. $143,900.
You plan to invest in securities that pay 11.2%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20?
A. 6.36 B. 5.63 C. 4.60 D. 5.85 E. 5.68