An example of physical observation is the auditor's testing of inventory by counting it to substantiate the existence assertion

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Stevie recently received 1,000 shares of restricted stock from her employer, Nicks Corporation, when the share price was $8 per share. Stevie's restricted shares vested three years later when the market price was $11. Stevie held the shares for a little more than a year and sold them when the market price was $16. What is the amount of Stevie's ordinary income with respect to the restricted stock?

A. $11,000. B. $0. C. $5,000. D. $8,000.

Business

A person cannot be guilty of trespass unless he or she intended to violate the other's rights

a. True b. False Indicate whether the statement is true or false

Business

An appellate court's role is to take additional evidence after a trial has ended

Indicate whether the statement is true or false

Business

As a result of shared electronic banking facilities,

A) barriers to branching have become less burdensome. B) banking has become less competitive. C) both of the above have occurred. D) neither of the above has occurred.

Business