An audit document that reflects the major components of an amount reported in the f financial statements is referred to as a

a. Lead schedule
b. Supporting schedule
c. Audit control account
d. Working trail balance

Ans: a. Lead schedule

Business

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Physical contact is not necessary to be liable for the tort of assault

Indicate whether the statement is true or false

Business

Short-term foreign exchange forecasts are often motivated by such activities as ________ whereas long-term forecasts are more likely motivated by ________

A) long-term investment; long-term capital appreciation B) long-term capital appreciation; desire to hedge a receivable C) the desire to hedge a payable; the desire for long-term investment D) the desire for long-term investment; the desire to hedge a payable

Business