Which of the following items are registered audit firms not required to report to the audit committee?
a. Critical accounting policies and practices.
b. Alternative treatments of financial information within generally accepted accounting principles that have been considered by management, as well as the preferred treatment of the audit firm.
c. A list of all audit procedures performed.
d. Significant written communications between the audit firm and management.
c
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Recurring costs include all of the following except
a. data conversion b. software maintenance c. insurance d. supplies
In the sentence Beth and the sales representative reviewed the product descriptions on the website, the word sales is a(n) ____
A) adverb B) noun C) conjunction D) adjective
Which of the following describes the numbers under the “Training” heading?
a. qualitative
b. ordinal
c. interval
d. quantitative
Data from Dunshee Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$138? $108? Accounts receivable, net 286? 306? Inventory 114? 134? Prepaid expenses 18? 18? Total current assets$556? $566? Total current liabilities$262? $260? Sales on account in Year 2 amounted to $1370 and the cost of goods sold was $850.The working capital at the end of Year 2 is:
A. $812 B. $294 C. $556 D. $882