A sample which exceeds the tolerable rate of deviation results in the auditor's reliance on internal control effectiveness
a. True
b. False
Indicate whether the statement is true or false
False
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The presentation of the excess tax benefits related to stock options includes all of the following except:
A. Excess tax benefits are reflected in the cash from financing activities section of the statement of cash flows. B. Excess tax benefits are shown as a reduction of income tax expense. C. Presentation of excess tax benefits is guided by ASU 2016-09. D. Excess tax benefits must be shown in both the statement of shareholders' equity and the statement of cash flows.
Injunctions are:
A. mandatory if the court orders a party to refrain from doing certain acts. B. used to compel personal service. C. not a form of equitable remedy, which is granted depending on the equities of a case. D. available when a breach of contract threatens to produce an irreparable injury.
Stage Technologies is a London-based company that supplies engineering solutions for the entertainment industry. It has helped the boy-band Westlife make a flying entrance onto stage and provided stage-rigging packages for Princess Cruise's vessels. The company was established in 1994 after a couple of production designers decided that the automation of theater productions could be done more safely and more efficiently by using modular production rather than the old "build-as-needed" formula. The company installs winches, stage lifts, and other equipment commonly used in stage productions. The equipment is designed so it can be operated from a single console without awkward or heavy lifting. Both opera companies and theaters see the benefit of such a system, but many are reluctant to buy
because of perceived costs. John Hastie and Mark Ager, the company's best salespeople, must design sales presentations that address these concerns.Hastie walks into a prospect's office and asks, "How would you like to increase rehearsal time and ensure long-term cost savings?" From this opening line, you can assume that Hastie is most likely using a ________ presentation. A. need-satisfaction B. persuasive selling C. logical reasoning D. price/value E. formula
Cost of Goods Sold (COGS) represents
A) less than 20 percent of sales for most major manufacturers. B) less than 50 percent of sales for most major manufacturers. C) well over 50 percent of sales for most major manufacturers. D) well over 80 percent of sales for most major manufacturers.