Which of the following mood dimensions is a pure marker of high negative affect?
A) depression
B) relaxation
C) fatigue
D) boredom
E) nervousness
E
Explanation: E) Nervousness is a pure marker of high negative affect; relaxation is a pure marker of low positive affect.
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The Mitchell Global Company accepts a note in exchange for the sale of goods. The journal entry on Mitchell Global Company includes a:
A. credit to Sales B. credit to Note Receivable C. debit to Accounts Receivable D. debit to Note Payable
Which of these statements concerning illegal acts by clients is correct?
a. An auditor's responsibility to detect illegal acts that have a direct material effect on the financial statements is the same as that for errors in fraud b. An audit in accordance with generally accepted auditing standard normally includes audit procedures specifically designed to detect illegal acts that have an indirect but material effect on the financial statements c. An auditor considers illegal acts from the perspective of the reliability of management's representations rather than their relation to audit objectives derived from financial statement assertions d. An auditor has no responsibility to detect illegal acts by clients that have indirect effect on the financial statements