Two assertions for which confirmation of accounts receivable balances provides primary evidence are

a. Completeness and valuation
b. Valuation and rights and obligations
c. Rights and obligations and existence
d. Existence and completeness

Ans: c. Rights and obligations and existence

Business

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The most favorable car financing is that of

A) commercial banks. B) credit unions. C) car dealers. D) There is no one best deal every time; it pays to shop around.

Business

A master budget ________

A) is the initial plan of what the company intends to accomplish in the period and evolves from both the operating and financing decisions B) is a substitute for the management functions of planning and coordination C) improves companies' market capitalization and evolves from both the investing and financing decisions D) provides an ethical framework for decision making

Business