In the interest of independence, CPAB and SOX require the rotation of the lead audit partner and/or concurring review partner every ________.
A) year
B) two years
C) ten years
D) five years
D) five years
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Which of the following is true about the breach of the implied covenant of good faith and fair
dealing? A) A liquidated damages clause is usually included in contracts where tort damages are sought for breach of the covenant of good faith and fair dealing. B) All states have held that a covenant of good faith and fair dealings is implied in certain types of contracts. C) A breach of the implied covenant of good faith and fair dealing is a tort associated with a contract for which damages are available. D) Specific performance is generally awarded for the tort of the implied covenant of good faith and fair dealing.
Descamps Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateVariable manufacturing overhead0.20 hours$6.10 per hourThe company has reported the following actual results for the product for July: Actual output 4,200unitsActual direct labor-hours 780hoursActual variable overhead rate$6.20per hourThe variable overhead efficiency variance for the month is closest to:
A. $372 U B. $366 U C. $372 F D. $366 F
Which of the following refers to how people think or feel (especially feel) about an object such as a brand or a political candidate?
a. Bias. b. Consent. c. Echo. d. Sentiment. e. Content.
Companies that have business dealings with a new firm are possible sources of funds for financing inventory and equipment.
Answer the following statement true (T) or false (F)