Which of the following is recorded under the asset side of a bank's balance sheet?
A. Transaction deposits
B. Equity capital
C. Borrowings
D. Reserves
Answer: D
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Which statement is not true?
a. Auditors must maintain independence. b. IT auditors attest to the integrity of the computer system. c. IT auditing is independent of the general financial audit. d. IT auditing can be performed by both external and internal auditors.
Sheila has witnessed an incidence of ethical misconduct and can only internally frame it in terms of anticipated negative outcomes. What kind of question is she probably asking herself?
a. Is speaking out the right thing to do? b. Is speaking out worth it? c. How much harm is the incident causing to the victim? d. What would I do if this happened to me?
If the Cash Dividends Payable account had a beginning balance of $4,000 and an ending balance of $4,500, and cash dividends of $8,000 were declared, $7,500 would appear on the statement of cash flows as a $7,500 outflow of cash from a financing activity
Indicate whether the statement is true or false
For an implied agency to function, implied authority cannot conflict with express authority
Indicate whether the statement is true or false