Beststudymaterials

Cash - Answer Money that is FREE and CLEAR and available to be spend in current operations. Not Cash: - Answer Security deposits & bond sinking funds Three-Month Rule - Answer Highly liquid securities with ORIGINAL maturity dates of three months or less are treated as cash. Bad Debts - Direct Write-Off Method - Answer - No entry for bad debts until customer actually defaults. - At default, the cutomer's account is written off. - Theoretically weak, matching issue - Only allowed if bad ...

Which step in the decision-making model is characterized by asking the question, "Are these opinions consistent with applicable professional ethics rules, regulations, and laws?" A. Recognize ethical issues B. Gather critical facts C. Consider the effect on stakeholders D. Consider rules, regulations, and laws - Answer D. Consider rules, regulations, and laws Step 7 asks this question. You may determine that the greatest benefit and least amount of harm would likely result if you take...

The Sarbanes-Oxley Act of 2002 imposes a mandatory rotation applicable to both the audit engagement partner and the quality control (also called review) partner. How long in total is the partner allowed to serve as the engagement partner or review partner before someone else must serve in that capacity? - Correct Answer - 5 years. An entity engaged a CPA to determine whether the client's web sites meet defined criteria for standard business practices and controls over transaction integrity...

Demand Curve Shift Upward (direct relationship-positive shift) - Correct Answer - The price of subsitute goods, expectations of price changes, income for normal goods, and extent of market Demand Curve Shift Downward (inverse relationship-neg. shift) - Correct Answer - The price of complement good, income for inferior goods, and consumer boycotts SWOT analysis - Correct Answer - strengths, weaknesses, opportunities, threats Three common measures of price inflation: - Correct Answer - 1. Th...

Demand Curve Shift Upward (direct relationship-positive shift) - Correct Answer - The price of subsitute goods, expectations of price changes, income for normal goods, and extent of market Demand Curve Shift Downward (inverse relationship-neg. shift) - Correct Answer - The price of complement good, income for inferior goods, and consumer boycotts SWOT analysis - Correct Answer - strengths, weaknesses, opportunities, threats Three common measures of price inflation: - Correct Answer - 1. Th...

Identifying a Variable Interest (VIE) - Correct Answer - All Must be Met: 1. There is an arrangement between company and business entity 2. The business entity is a legal entity 3. The business fails to qualify for an exclusion 4. The interest is more than insignificant 5. The company has an explicit or implicit variable interest in the entity Securities and Exchange Commission - Correct Answer - - established in 1934 by Securities and Exchange Act - all public and large private companie...

When a CPA examines a client's projected financial statements, the CPA's report should: - Correct Answer - state that the CPA performed procedures to evaluate management's assumptions. Davis, CPA, accepted an engagement to audit the financial statements of Tech Resources, a nonpublic entity. Before the completion of the audit, Tech requested Davis to change the engagement to a compilation of financial statements. Before Davis agrees to change the engagement, Davis is required to conside...

Managerial Accounting deals with _____ accounting, while Financial Accounting deals with _____. - Correct Answer- Internal; External True or False: Managerial accounting must follow GAAP. - Correct Answer- False; Internal accounting so it does not have to follow GAAP. The assumption that a company or other entity will be able to continue operating for a time that is sufficient to carry out its commitments and obligations. - Correct AnswerGoing Concern The assumption that a company's busi...

Management is responsible for - Correct Answer - Financial statements - the preparation and fair presentation Internal controls - design, implementation and maintenance relevant to the FS Providing auditor with access to info and persons needed to complete the audit The preparation and fair presentation of the FS requires - Correct Answer - identification of the applicable financial reporting framework preparation and fair presentation in accordance with framework inclusion of adequate de...

Which of the following situations involving two people, P and O, and an object X, will NOT be balanced according to Heider's balance theory? (a) P likes O, and they both like X (b) P likes O, and they both dislike X (c) P dislikes O, and they both dislike X (d) P dislikes O, P likes X, and O dislikes X (e) P dislikes O, P dislikes X, and O dislikes X - Correct Answer-C According to inoculation theory, a person's belief can be inoculated against a persuasive attack by (a) providing arg...

What is a GRE test for? A The GRE is used to evaluate your readiness for an advanced degree program. It tests your critical thinking, analytical writing, and verbal reasoning skills. Q What does the GRE test consist of? A The GRE has three sections. They are Analytical Writing, Verbal Reasoning, and Quantitative Reasoning. Q Is the GRE test difficult? A It is considered to be more difficult than the ACT/SAT. The vocabulary is challenging and the math problems are of a higher level. ...

What is the supreme law of the land? - Answer- The US Constitution What are the three branches of government? - Answer- Legislative "makes laws" - Executive "carries out laws" - Judicial "evaluates laws" Is it possible to amend the US Constitution by plebiscite? - Answer- Yes, the Amendments to state constitution are ratified by a vote of the people. How many amendments have been added to the US Constitution? - Answer- 27 amendments (as of 2017) When and how did California become a ...

First Degree Murder - Answer Deliberate and premeditated murder, or felony murder Second Degree Murder - Answer Murder with malicious intent, the intent to kill, the intent to do great bodily injury, or a depraved-heart murder Common Law Murder - Answer Unlawful killing of a human being with malice aforethought Malice Aforethought - Answer Intent to kill, intent to do serious bodily injury, felony murder, depraved heart murder Voluntary Manslaughter - Answer Murder committed in the heat o...

Logical RELEVANCE - Answer- Evidence is logically relevant if it has any tendency to make the existence of any fact of consequences to the determination of the action more or less probable than it would be without the evidence. CA: Same as Federal Rule: Under the CEC, evidence is logically relevant if it tends to prove or disprove a material fact in dispute. Legal relevance - Answer- logically relevant evidence may be excluded if the probative value of the evidence is outweighed by its pre...

What is the Beer-Lambert Law? - Answer the linear relationship between absorbance and concentration of an absorbing species. What is the Beer-Lambert Law equation? - Answer A = ebc A: absorbance e: molar absorptivity c: concentration b: path length DNA and RNA are absorbed at: - Answer 260nm Proteins are absorbed at: - Answer 280nm What is the melting temperature equation? - Answer Tm = (4 x # of GC pairs) + (2 x # of AT pairs) Dilutions equation - Answer V1C1 = V2C2 V1: volume of st...

Computer Forensics - ANSWER ==A set of methodological procedures and techniques that help identify, gather, preserve, extract, interpret, document, and present evidence from computers in a way that is legally admissible Cyber Crime - ANSWER ==Any illegal act involving a computing device, network, its systems, or its applications. Both internal and external Enterprise Theory of Investigation (ETI) - ANSWER ==Methodology for investigating criminal activity Types of Cyber Crime - ANSWER ==Ci...

A software company suspects that employees have set up automatic corporate email forwarding to their personal inboxes against company policy. The company hires forensic investigators to identify the employees violating policy, with the intention of issuing warnings to them. Which type of cybercrime investigation approach is this company taking? A Civil B Criminal C Administrative D Punitive -CORRECT ANSWER C Which model or legislation applies a holistic approach toward any criminal acti...

Computer Forensics - ANSWER-A set of methodological procedures and techniques that help identify, gather, preserve, extract, interpret, document, and present evidence from computers in a way that is legally admissible Cyber Crime - ANSWER-Any illegal act involving a computing device, network, its systems, or its applications. Both internal and external Enterprise Theory of Investigation (ETI) - ANSWER-Methodology for investigating criminal activity Types of Cyber Crime - ANSWER-Civil, Cri...

The American Academy of Child and Adolescent Psychiatry Code of Ethics Principle II: Promoting the Welfare of Children and Adolescents addresses which of the following ethical issues? A. Fidelity B. Autonomy C. Beneficence-This centers on the obligation to assisst the optimal wellbeing, functioning and development of youth, both as individuals and as a group. This adherence must be prioritized over familial or societal pressures. The activities of the child and adolescent psychiatrist mu...

1.Which one of the following social interactions indicates progression into the normal range,meeting developmental milestones for a 5-year-old? A Shares on own . B Engages in imaginative play . C Group play; has a preferred friend . D Has a group of friends, apologizes . for errors 2.Which one of the following social interactions indicates progression into the normal range,meeting developmental milestones for a 5-year-old? A Shares on . own B.Engages in imaginative play C.Group ...