Which one of the following is the most favorable opinion an auditor can give a company following an audit?
A) an unqualified opinion
B) a disclaimer of opinion
C) an adverse opinion
D) a qualified opinion
A
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To Go Company is preparing its statement of cash flows using the indirect method. During the year, they purchased equipment for $15,000 cash. Which of the following statements is true?
A) $15,000 would be shown as a negative cash flow in the operating activities section. B) $15,000 would be shown as a negative cash flow in the investing activities section. C) $15,000 would be shown as a positive cash flow in the investing activities section. D) $15,000 would be shown as a positive cash flow in the financing activities section.
Researchers assigned 400 undergraduate students to 80 five-person teams that worked on a dynamic simulation task. The researchers found that leaders who were rated as charismatic (as measured by both self-ratings and follower ratings) were more effective at using a
a. coaching, supportive style b. directive leadership style c. high involvement “hands on” style d. visionary leadership style
Under Sarbanes-Oxley, when must a company file an 8-K?
a. Every quarter b. Only when selling stock c. Annually d. Within one day of any changes listed in the statute
Which of the following would not be a reason influencing whether or not an insurance company provides insurance?
A) The size of the pool B) The current market interest rate C) Whether or not the losses are independently distributed D) Whether or not the losses can financially ruin the insurance company