Which of the following statements is true?
a. An entry in a general ledger account can be traced to the trial balance by referring to the page listed in the posting reference column of that ledger account.
b. The posting of an amount recorded in the general journal can be verified by referring to the account number listed in the posting reference column on that line in the general journal.
c. Business transactions are recorded first in the general ledger; then that information is transferred to the general journal.
d. No explanation is needed for each entry in the general journal.
b
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An auditor would issue an adverse opinion if:
A. a qualified opinion cannot be given because the auditor is not qualified to do so. B. an immaterial misstatement is present. C. the statements taken as a whole do not fairly present the financial condition and results of operations of the company. D. the auditor encounters adverse attitudes toward the auditor on the part of company management.
In 1943, psychologist Abraham Maslow made which of the following suggestions?
A) Advertising has virtually no effect on purchase decisions. B) Humans fulfill basic needs before satisfying more complex ones. C) Subliminal marketing messages could get consumers to buy more. D) Psychological warfare techniques could be used in public relations. E) Marketing messages work only on consumers who feel good about themselves.
The Consolidated Omnibus Budget Reconciliation Act requires all employers to provide health care coverage to employees and their spouses for 12 months following termination, death, or divorce of an employee.
Answer the following statement true (T) or false (F)
When forming a team, the quality of the people you select determines the quality of the team's efforts and results.
Answer the following statement true (T) or false (F)