1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nitella [24]
4 years ago
9

If management identifies even one material weakness in internal control, then management will conclude that the organization’s i

nternal control over financial reporting is not effective.1. True2. False
Business
1 answer:
solong [7]4 years ago
8 0

Answer:

Statement is true

Explanation:

Internal control over financial reporting was designed to give assurance related to financial statements preparation and authenticity of financial reporting.

Material weakness refers to inefficiency in internal control which could lead to misstatement in financial statement thereby making financial reporting unreliable. As such, even one material weakness would prove ineffective internal control over financial reporting.

You might be interested in
Pastore Inc. granted options for 1 million shares of its $1 par common stock at the beginning of the current year. The exercise
Step2247 [10]

Answer:

$7,000,000

Explanation:

Calculation to determine What would be the total compensation indicated by these options

Using this formula

Total Compensation =Beginning options*Fair value of the options

Let plug in the formula

Total Compensation =1,000,000 shares × $7

Total Compensation =$7,000,000

Therefore What would be the total compensation indicated by these options is $7,000,000

3 0
3 years ago
If the price of Italian shoes imported into the United States increases, then a. both the GDP deflator and the consumer price in
goldfiish [28.3K]

Answer: The consumer price index will increase, but the GDP deflator will not increase.

Explanation:CPI(Consumer p ice index) is a concept used in Macroeconomics to mean the weighted average of the prices of

A basket of consumer goods and services.

GDP(gross domestic product) Is the value of the entire goods and services rendered within an economy over a given period of time.

GDP Deflator determines the price changes of all goods and services produced within an country.

As the price of Italian shoes imported into the Unites States of America rises the CPI INCREASES BUT THE GDP DEFLATOR WILL NOT INCREASE.

6 0
4 years ago
Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000.
jarptica [38.1K]

$275,000

257,000    Beginning Equity

+51,000     Net Income

+6,000      Investments from stockholders

=314,000   New total

-40,000     Minus dividends payed to stockholders

=275,000   Equals ending equity

5 0
3 years ago
Tanner wants to buy a new car. What will he most likely consider when making his decision on the type of car to buy?
Nitella [24]

Answer: a deal website that compares different types of cars, so he can choose the one he likes best

Explanation:

When buying a good or service, it is best to look out for a variety of those goods because it will enable a person to be able to compare the different varieties and be able to pick the one most suitable for them.

Tanner therefore will most likely use a website that compares cars so that he is able to see the features that different cars offer which will enable him make a decision that is most suitable for him.

8 0
4 years ago
When actively listening, it is not necessary to show agreement with the message. True False
expeople1 [14]
The answer is A) True because when someone is telling u something, u should always show that u are listening to them because it can be like this example here. Say for ex You and your wife are on your own private jet to fly to the Bahamas and your pilot passes out and there is no backup, in most cases u would usually call the emergency phone line and ask them how to fly this machine, when they call u back to give u the instructions, u HAVE to be listening, even if it is  long or even boring to u, u HAVE to listen since your own very life is on the line, so that's why it applies back with use because if we are not carefully listening, even to anybody, if it is BIG or small, we should always show them we are aware and we are giving them our attention.
7 0
3 years ago
Other questions:
  • Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common
    13·1 answer
  • The Project Evaluation and Review Technique (PERT) was developed as a means of scheduling and controlling projects with constant
    10·1 answer
  • Consider the following simple economy that produces only three​ goods: 2009​ (Base Year) 2017 Product Quantity Price Quantity Pr
    10·1 answer
  • With careful attention to controlling costs and quality, businesses can successfully satisfy consumers with a standardized produ
    9·1 answer
  • What is a trust established while the owner of the trust is still alive
    8·1 answer
  • Does anyone know what this answer is?
    13·2 answers
  • TRUE OR FALSE FOR BRAINLIEST ANSWER, I'LL REPORT IF WRONG When one party substantially performs, the other can demand full perfo
    10·1 answer
  • Oak Island Amusements Center provides the following data on the costs of maintenance and the number of visitors for the last thr
    15·1 answer
  • You are the financial manager of the Crossrail 1 project in London. The Board overseeing the project, acting on behalf of the UK
    12·1 answer
  • Is W. L. Gore a mechanistic or an organic organization? Support your answer with examples from the case
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!