A substantive test of transactions to test the completeness assertion includes
A. Tracing a sample of time sheets to the payroll register.
B. Testing a sample of payroll checks for the presence of an authorized time sheet.
C. Testing postings to the payroll register for a sample of payroll checks.
D. Recomputing the accuracy of a sample of payroll checks.
A. Tracing a sample of time sheets to the payroll register.
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International investors believe that when a country gets into financial trouble, the IMF will rescue the country, thus reducing the investors' risk. As a result, investors take greater risks than they would otherwise. This is an example of
A. a risk premium. B. a lender of last resort. C. adverse selection. D. moral hazard.
When the speaker focuses on similarities and ignores signi?cant differences, this logical fallacy can occur
. A) faulty comparison B) slippery slope C) hasty generalization D) either/or thinking
Which of the following is true of annuities?
A) An ordinary annuity is an equal payment paid or received at the beginning of each period. B) An annuity due is a payment paid or received at the beginning of each period that increases by an equal amount each period. C) An annuity due is an equal stream of cash flows is paid or received at the beginning of each period. D) An ordinary annuity is an equal payment paid or received at the end of each period that increases by an equal amount each period.
What temperature were most fast-food chains using at the time of the Jack-in-the-Box E-Coli illnesses and deaths?
a. 140 degrees b. 150 degrees c. 155 degrees d. 160 degrees e. 165 degrees