Answer:
The answer is a heightened risk of fraud
Explanation:
When this (the scenario in the question) happens, it is a red flag and a fraud is likely to have happened and the auditor should treat this as a high risk.
Management intention might be to conceal a material information inorder to pepetrate fraud or the truth might be that the documents for the acquisition is truly lost.
The auditor should also consider the materiality of this event when forming their opinion on the financial statement
In a nutshell, this case poses a risk of fraud.
Answer: C
Explanation:
Complementary goods are a pair of goods that can be consumed together. If the price of one goes up, the demand for both fall. For example, if gas prices rise and stay consistently high, less people will be inclined to buy a car (at least from an economic standpoint)
Answer:
Option D
Explanation:
Feedback is the information about reactions to a product, a person's performance of a task, etc. which is used as a basis for improvement.
When the company ran a campaign of marketing credit cards the young adults saw the ad and called to ask questions therefore the campaign was successful. Option D matches perfectly in this scenario.
Answer:
The value of shareholders' equity is -$300
Explanation:
Shareholders' equity is the corporation's owners' residual claim on assets after debts have been paid.
Total assets= Total liability + shareholders' equity
Shareholders' equity = Total assets - Total liability
Shareholders' equity = $5,800 - $6,100
Shareholders' equity = -$300
Answer:
The correct answer is letter "B": Yellow dog contracts.
Explanation:
Yellow dog contracts are those provided by employers in which they and the new hires agree in employees not engaging any activity related to unions while they are under the company's payroll. Yellow dog contracts attempt to avoid the formation of labor unions so the organizations only will have the power in deciding employee benefits, compensations, and working conditions.
These types of contracts are considered illegal after the Norris-LaGuardia Act of 1932 was enacted.