The grounds for a products liability claim are:
A) Negligent design.
B) Defects in the manufacturing process.
C) Breach of the duty to warn
D) Both A and C
E) All of the above
E
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Which statement is not true?
a. Auditors must maintain independence. b. IT auditors attest to the integrity of the computer system. c. IT auditing is independent of the general financial audit. d. IT auditing can be performed by both external and internal auditors.
If a company records prepayment of expenses in an asset account, the adjusting entry when all or part of the prepaid asset is used or expired would:
A. Cause an adjustment to prior expense to be overstated and assets to be understated. B. Result in a debit to a liability and a credit to an asset account. C. Decrease cash. D. Result in a debit to an expense and a credit to an asset account. E. Cause an accrued liability account to exist.
Recording periodic depreciation and amortization results in a
a. debit to an expense account, only b. debit to a product cost account, only. c. debit to either an expense account or a product cost account. d. credit to either an expense account or a product cost account. e. credit to an expense account, only.
The Ritz-Carlton uses personality profiles to select the best applicants
Indicate whether the statement is true or false