Fixed assets are listed on the business balance sheet at the ________ and on the individual's
statement of financial position at the ________.
A) price paid for the asset; price paid for the asset
B) current market value; price paid for the asset
C) current market value; current market value
D) price paid for the asset; current market value
D
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The percent-of-sales method of forecasting makes which of the following assumptions?
A) That some assets do not increase in direct proportion to an increase in sales. B) The accounts receivable average collection period will remain constant throughout the forecast period. C) The firm may acquire some "lumpy" assets. D) All of the above.
Which of the following forensic accounting investigation services includes proactive employee strategies such as preemployment screening, employee training, and employee monitoring strategies?
A) fraud detection B) fraud deterrence C) fraud examination D) fraud anticipation