A subject is said to have a security _________ of a given level

What will be an ideal response?

clearance

Business

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On January 1, Year 1, Needham, Inc., borrowed $10,000 at 6% for four years. The note requires annual payments of $2,886 on December 31 of each year. For each item, select the amount as of or for the Year Ended December 31, Year 1, in the column of the one financial statement where the amount is found. What is Interest Expense?

A. (7,200); Income Statement B. (2,286); Income Statement C. (600); Income Statement D. (300); Income Statement E. (600); Statement of Cash Flows - Operating Activities F. 7,714; Statement of Cash Flows - Operating Activities G. (2,886); Statement of Cash Flows - Financing Activities H. (2,286); Statement of Cash Flows - Financing Activities I. (600); Balance Sheet J. 7,114; Balance Sheet K. 7,714; Balance Sheet

Business

A difference of opinion concerning accounting and auditing matters relative to a particular phase of the audit arises between an assistant auditor and the auditor responsible for the engagement. After appropriate consultation, the assistant auditor asks to be dissociated from the resolution of the matter. The audit documentation would probably be

a. Silent on the matter because it is an internal matter of the auditing firm b. Expanded to note that the assistant auditor is completely dissociated from responsibility for the auditor's opinion. c. Expanded to record the additional work required because all disagreements of this type will require expanded substantive testing d. Expanded to detail the assistant auditor's position and how the difference of opinion was resolved

Business