In auditing an asset valued at fair value, which of the following potentially provides the auditor with the strongest evidence?
A. The historical cost of the asset.
B. A price for a similar asset obtained from an active market.
C. An appraisal obtained discounting future cash flows.
D. Management's judgment of the cost to purchase an equivalent asset.
Answer: B
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On which of the following is personal or referent power not usually based?
a. an individual’s accomplishments b. an individual’s formal place in the organization’s hierarchy c. personal characteristics that others tend to see as favorable d. behaviors that others want to emulate
Zach has bought Biannca's interest in the A&B Partnership for a $120,000 direct payment to Biannca. Zach and Biannca's capital balances before the sale were $48,000 and $72,000, respectively. The entry to record the purchase of interest in partnership is:
A) Biannca, Capital 120,000 Zach, Capital 120,000 B) Biannca, Capital 72,000 Zach, Capital 72,000 C) Zach, Capital 120,000 Cash 120,000 D) Cash 120,000 Zach, Capital 120,000
Control charts are numerical records of performance of marketing metrics over time
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. A recently proposed theory of followership includes followership characteristics, leader characteristics, followership and leadership behaviors, and followership outcomes. 2. Followers can create contexts for the rise of destructive leaders. 3. According to Kelley’s model, a “star” follower is both active and dependent. 4. The “reversing the lens” theoretical framework highlights the impact of followers on the followership process. 5. A follower’s degree of activity or engagement has been one of the most consistent constructs to examine in multiple followership studies.