Process-focused facilities and repetitive facilities generate forward-looking schedules, but process-focused facilities do this with JIT and kanban while repetitive facilities generally use MRP

The following amounts are reported in the ledger of Bowers Company: Assets: $40,000 debit; Liabilities: $18,000 credit; Retained earnings: $6,000 credit. What is the balance in the contributed capital account?

A. $22,000 credit. B. $16,000 credit. C. $24,000 credit. D. $22,000 debit.

The examination of all of an entity's transactions would make an audit very costly. Thus, auditors rely heavily on sampling as a way to obtain evidence. Which of the following would result in a smaller sample?

A) A decrease in the materiality level. B) A decrease in the desired level of assurance. C) An assessment that the account being audited is high risk. D) An increase in the desired level of assurance.