Which of the following is a characteristic of audit services (Table 4.3 in the text)?
A) household purchases recorded through electronic scanners in supermarkets
B) households provide specific information regularly over an extended period of time; respondents asked to record specific behaviors as they occur
C) verification of product movement by examining physical records or performing inventory analysis
D) data banks on industrial establishment created through direct inquiries of companies, clipping services, and corporate reports
C
You might also like to view...
Which of the following was not considered a governmental function by the Constitutional framers?
a. Corrections b. Foreign affairs c. Roads d. Health care
Arco Corporation declared a cash dividend on June 2 of $6 per common share. The company has 2,000 shares of common stock authorized, 1,000 shares issued, and 200 in the treasury. The entry to record the declaration of the cash dividend increases
a. a liability. b. an asset. c. an expense. d. a stockholders' equity account.