Funds obtained through loans or the issuance of corporate bonds is known as:

A) ?collateral.
B) ?equity capital.
C) ?factor proceeds.
D) ?cash flow.
E) debt financing.

E

Business

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PCAOB standards state that the relevance of audit evidences depends on all but which of the following?

a. whether the audit procedure is designed to directly test an assertion b. whether the audit procedure is designed to test for an understatement or overstatement c. the auditors risk assessment d. the timing of the audit procedure

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Which of the following is not true about the Comprehensive Environmental Response,

Compensation and Liability Act? A) The act is commonly called the Superfund. B) The sites are ranked and the highest sites are placed on a priority list. C) The EPA performs all site cleanups, and then can recover the costs from responsible parties. D) A party can be required to pay the entire cost of cleaning a site even if only partly responsible for the pollution.

Business