The completeness assertion refers to ensuring that transactions and events that should have been recorded actually have been recorded.
Answer the following statement true (T) or false (F)
True
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In a short essay, discuss the characteristics of the survey method of obtaining information and list at least three advantages and three disadvantages of survey research
What will be an ideal response?
What is the purpose of the following journal entry? DR Payroll CR FICA Taxes Payable CR Employee Income Tax Payable CR Wages Payable
a. To record payroll for the period. b. To accrue payroll at the end of the period. c. To record payroll taxes for the period. d. To distribute payroll for the period.
Which of the following value chain activities involves assisting users with handling of the products after sale, thus maintaining and enhancing the products' value?
A. inbound logistics B. operations C. sales and marketing D. outbound logistics E. customer service
A popular value-weighted index is constructed out of shares in the two companies, shown in the table below. On Day 1 you construct a portfolio that mimics the index with 15% invested in Company 1 and 85% invested in Company 2
On Day 2, what trades do you need to make in order to adjust your portfolio weights so that your portfolio earns the same return as the index from Day 2 to Day 3? Company 1 Company 1 Company 2 Company 2 Day Price # of Shares Outstanding Price # of Shares Outstanding 1 6.62 400 10.00 1,500 2 7.53 400 10.54 1,500 3 8.82 400 11.07 1,500 A) Buy more of Company 1 and buy more of Company 2 B) Buy more of Company 1 and sell some of Company 2 C) Sell some of Company 1 and sell some of Company 2 D) Sell some of Company 1 and buy more of Company 2 E) Make no trades