If bonds with a face value of $209,000 are issued at 93, the amount of cash proceeds is ________

York Casting Services started the year with total assets of $110,000 and total liabilities of $50,000. The revenues and the expenses for the year amounted to $140,000 and $50,000, respectively

During the year, the company did not issue any common stock, but it distributed dividends of $70,000. Calculate the amount of increase or decrease in stockholders' equity for the year. A) a $20,000 increase B) a $80,000 increase C) a $60,000 decrease D) a $70,000 increase

Using personal computers in auditing may affect the methods used to review the work of staff assistants because

a. Supervisory personnel may not have an understanding of the capabilities and limitations of personal computers b. Documenting the supervisory review may require assistance of consulting services personnel c. The audit standards for supervision may differ d. Audit documentation may not contain readily observable details of calculations