Generally, departmental seniority is considered for determining layoffs

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.

To reduce the risks associated with accepting fax responses to requests for confirmations of accounts receivable, an auditor most likely would

a. Examine the shipping documents that provide evidence for the existence assertion b. Verify the sources and contents of the faxes in telephone calls to the senders c. Consider the faxes to be nonresponses and evaluate them as unadjusted differences d. Inspect the faxes for forgeries or alterations and consider them to be acceptable if none are noted