Regarding the use of a spreadsheet for the preparation of the statement of cash flows, which of the following statements is incorrect?
A) The spreadsheet starts with the beginning balance sheet and concludes with the ending balance sheet.
B) When companies face complex situations, a spreadsheet can help in preparing the statement of cash flows.
C) The spreadsheet cannot be used for the direct method.
D) Accountants can prepare the statement of cash flows directly from the lower part of the spreadsheet.
C) The spreadsheet cannot be used for the direct method.
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Companies use interactive marketing to accomplish all of the following objectives, except:
A) generate sales B) enhance brand loyalty C) build an e-mail list D) develop sponsorship programs
Of the following, which is the least reliable type of audit evidence?
A. Computations made by the auditor. B. Asking the controller about an end of period adjustment. C. Documents mailed by outsiders to the auditor. D. Correspondence between the auditor and third party vendors.
The process of recording a transaction in the journal is called journalizing
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Most certification elections have more than just one union on the ballot, so the choice is whether to unionize and, if so, which specific union will represent the bargaining unit. 2. To petition the NLRB for an election, a union must gather authorization cards from more than 50% of the employees. 3. When an employer decides to challenge a union that requests recognition, the outcome is usually settled through strikes. 4. Generaly the NLRB will not allow more than one certification election in a 12 month period. 5. A group of manufacturing employees unionized in January. By June, they were convinced that they had made a mistake and circulated a petition to decertify the election. Thirty-five percent of the employees signed the petition. It is likely that the NLRB will allow the employees to hold a decertification election before the end of the year.