The adjustments arising from the audit that were considered to be material should be communicated by the auditor to which of the following?
a. Audit staff.
b. Management.
c. Audit committee.
d. Internal auditors.
c
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Based on GAAP, most software development costs are likely to be
A) expensed as R&D costs. B) allocated to inventory and expensed to cost of goods sold when the software is sold. C) capitalized and amortized over a 40-year period. D) capitalized and amortized over a relatively short period, such as five years.
The first balance sheet asset for a regulated utility is:
a. cash. b. receivables. c. inventory. d. plant. e. investments.
What is the necessary condition for an accused person to be found guilty by a jury?
A. The jury's guilty verdict has to be approved by the presiding judge. B. At least half the jurors have to find the defendant guilty of the crime. C. More than 50 percent of the jurors have to find the defendant guilty of the crime. D. All the jurors have to unanimously agree that the defendant is guilty of the crime.
There has been a growing movement to eliminate poor working conditions through positive trading relations known as _______________
a. Fair trade b. Fair practices c. Positive labor arrangements d. Fair labor