The distinction between real and personal property is important because how property is acquired is determined by its classification.
Answer the following statement true (T) or false (F)
True
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When outside firms of non-accountants specializing in physical inventory counts are used to count, list, price, and subsequently compute the total dollar amount of inventory on hand at the date of the physical count, the auditor will ordinarily:
A. increase the extent of work on the physical count of inventory. B. consider the report of the outside inventory firm to be an acceptable alternative procedure to the observation of physical inventories. C. make or observe some physical counts of the inventory, recompute certain inventory calculations, and test certain inventory transactions. D. consider the reduced audit effort with respect to the physical count of inventory as a scope limitation.
When do you know you have crashed project activities enough? In other words, when you are crashing a project, how do you know you are finished?
Fill in the blank(s) with the appropriate word(s).
Using someone else’s language, ideas, or other material as your own without giving them credit is known as ______.
a. plagiarism b. stealing c. research d. interpretation
If Edmund and Kaylin have a writing mistakenly showing a sale and purchase of goods for $10,000 when the price should have been $1,000, a court will most likely
a. enforce the agreement, relying on oral testimony to determine the correct price. b. only enforce the agreement as written. c. not hear the case unless both parties are merchants. d. not enforce the agreement since the writing did not reflect a meeting of the minds of the parties.