Which of the following is not an internal control procedure?
a. authorization
b. management's operating style
c. independent verification
d. accounting records
B
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Which is not a part of the process of selecting a data analysis strategy?
A) known characteristics of the data B) classification of statistical techniques C) background and philosophy of the researcher D) properties of statistical techniques
Electronic communications networks (ECNs) provide an alternative trading medium, which has increased competition among the stock exchanges.
Answer the following statement true (T) or false (F)
The accountant for Huckleberry Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$151,000Cash dividends declared for the year 46,000Net income for the year 92,000What is the ending balance for retained earnings?
A. $197,000. B. $13,000. C. $105,000. D. $264,000. E. $243,000.
Rumors and gossip rarely tell a complete or unbiased version of the truth; therefore, supervisors should
A. participate in spreading rumors. B. immediately call for legal action against all rumormongers. C. use grapevine communication to prevent the spread of rumors. D. have an open mind and get the facts from those directly involved.