Which of the following factors will result in control risk being assessed at a higher level?
a. Controls are well designed.
b. There is a lack of supervision of accounting personnel.
c. Accounting staff are well trained and educated.
d. The control environment is operating effectively.
b
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Which of the following events would be classified as an operating activity in a statement of cash flows?
A) receipt of cash dividend on an equity-method investment B) sale of a long-term investment C) issuing notes payable D) payment of cash dividends
Once project managers have proven their ________ to upper management, senior management is much more receptive to their challenges and requests.
Fill in the blank(s) with the appropriate word(s).
Diego is arrested for a theft committed by someone who stole his identity. A court orders his release, but due to a police error in Diego's paperwork, he is held in jail for a month. The police are most likely liable for A) abuse of process
B) false imprisonment. C) malicious prosecution. D) none of the choices.
With respect to property settlements in a divorce or separation, all of the following are true with the exception of
A. no tax deduction is allowed for payment of a property settlement. B. a property settlement does not result in income to either spouse. C. the spouse receiving a property settlement has a basis equal to the basis of that property to the paying spouse prior to payment. D. All of the above statements are correct.