Managers do not need to know why a budget is being prepared, as these are prepared by higher authorities
Indicate whether the statement is true or false
False
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Activity selection decreases the time and resources required by different activities
Indicate whether the statement is true or false
CarWorks Company has 100,000 authorized shares of $4 par common stock. The company issued 40,000 shares at $8 . Subsequently, CarWorks declared a 2% stock dividend on a date when the market price was $11 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
a. $8,800 b. $4,800 c. $3,200 d. $6,400
The total likely misstatements found during the audit are equal to the sum of known and projected misstatements
a. True b. False Indicate whether the statement is true or false
Rick Edgars, a famous sports personality, appears in Venus Inc.'s ads in which he notes how the company's golf clubs have helped him win several major championships. He also states that in his experience, the clubs have a "perfect swing." Which of the following types of advertising execution is illustrated in this scenario?
A. slice of life B. demonstration C. dramatization D. testimonial E. scientific evidence