There is a close relationship between increased sales volume and spending more time in face-to-face selling situations
Indicate whether the statement is true or false
TRUE
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An auditor analyzes repairs and maintenance accounts primarily to obtain evidence in support of the audit assertion that all:
A. non-capitalizable expenditures for repairs and maintenance have been recorded in the proper period. B. non-capitalizable expenditures for repairs and maintenance have been properly charged to expense. C. expenditures for property and equipment have been recorded in the proper period. D. expenditures for property and equipment have not been charged to expenses.
Determining that the AR balance states its net realizable value tests the management assertion of existence of occurrence
Indicate whether the statement is true or false
Which of the following statements regarding sole proprietorships is false?
A. Sole proprietorships are the most common form of business entity in the U.S. B. The cash flow generated by a sole proprietorship belongs to the owner. C. The assets and liabilities of a sole proprietorship are held in the name of the business, not the owner. D. A sole proprietorship has no legal identity separate from that of its owner.
The World Wide Web is an electronic connection of millions of computers that support a(n) ________ set of rules for the exchange of information.
A. standard B. ever-changing C. imprecise D. irregular