On the statement of cash flows using the indirect method, an increase in the deferred tax liability would be shown as
a. an addition to net income.
b. a deduction from net income.
c. an increase in investing activities.
d. an increase in financing activities.
A
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Analytical procedures used in planning an audit should focus on identifying:
A. the various assertions that are embodied in the financial statements. B. the predictability of financial data from individual transactions. C. material weaknesses in internal control. D. areas that may represent specific risks relevant to the audit.
Which of the following is the most serious limitation to financial statement analysis of publicly traded companies?
a. Some companies do not use GAAP. b. Inflation can distort comparisons between years. c. Some companies report nonoperating items such as extraordinary gains and losses, while others do not. d. Different industries use different account names.
The difference between the smallest and largest values of a distribution is called the variance
Indicate whether the statement is true or false
Which of the following is NOT an integral part of customer service?
a. Exhibit sustainable behavior. b. Create a perception in the minds of the customers that the organization acts in an ethically, socially, and environmentally responsible manner. c. Demonstrate a commitment to customer service that is increasingly valued. d. Potential customers do not expect organizations to be ethical and socially responsible.