"What are the facts?" is typically the first step in the legal reasoning model

Indicate whether the statement is true or false


TRUE

Business

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What are the components of audit risk?

Business

The following information is available for Bosch Company for the month of May.a. On May 31, after all transactions have been recorded, the balance in the company's Cash account has a balance of $6,322.b. The company's bank statement shows a balance on July of $6,450.c. Outstanding checks total $63.d. A $47 NSF check from a customer, T. Shannon is shown on the bank statement but not yet recorded by Bosch Company.e. A deposit placed in the bank's night depository on May 31 totaling $275 did not appear on the bank statement.f. Bank fees for check printing of $45 are not yet recorded by Bosch Company.g. A note receivable for $432 is collected by the bank for Bosch Company, but it not yet recorded by Bosch Company.Prepare the May bank reconciliation for the Bosch Company.

What will be an ideal response?

Business

The Employee Polygraph Protection Act completely bans the use of polygraph exams

a. True b. False Indicate whether the statement is true or false

Business

Ira Roth opens up a Roth IRA and places $5,000 in his retirement account at the beginning of

each year for 25 years. He believes the account will earn 9 percent interest per year, compounded monthly. How much will he have in his retirement account in 25 years? A) $490,000.58 B) $490,165.32 C) $355,900.96 D) $390,000.58

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