When you quote information, you must be careful not to ____________ the content or the intent of the original passage
a. introduce
b. misrepresent
c. evaluate
d. contextualize
b
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Which of the following best describes the AICPA's Audit Data Standards (ADS)?
A. A set of standards for data files and fields designed to support external audits. B. A set of analytic procedures designed to be used with modern ERPs' large datasets. C. The base level of testing procedures that should be performed on AIS data. D. The codification of all auditing guidelines pertaining to the data generated by AISs.
Baker Company has a standard and flexible budgeting system and uses a two-variance analysis of factory overhead. Selected data for the June production activity follows: Budgeted total factory overhead costs (for normal production of 10,00 . units) $80,000 Actual factory overhead incurred in the production of 9,500 units $78,000 Variable factory overhead rate per unit, 2 hours @ $2.50 $ 5 Standard
direct labor hours 25,000 Actual direct labor hours 26,000 The production-volume variance for June is: a. $1,500favorable. b. $1,500 unfavorable. c. $2,00 . favorable. d. $2,00 . unfavorable.
A union declares it will be engaging in a partial strike whereby its employees will alternate between working for a period of time and then walking off the job for an indefinite time. Thus, employees may work for a few days or only a few hours before walking off the job again. The employer claims the union does not have the legal right to engage in a partial strike. Which statement is correct?
a. The employer is correct. The union must either strike or workâit cannot alternate between working and striking. b. The employer is correct only if the union does not state the specific hours or days workers will be off the job. The law requires the union to provide the employer with at least seven days' notice of when workers will be off the job. c. The employer is not correct since the NLRA expressly states workers have a right to engage in a partial strike. d. Whether the employer is correct depends on state law.
Consideration is not required to establish or modify a letter of credit
Indicate whether the statement is true or false