An external auditor discovers that a payroll supervisor of the firm being audited has misappropriated $10,000. The firm's total assets and before tax net income are $14 million and $3 million, respectively.Assuming no other issues are affected the report the external Auditor's report will most likely contain a

a. Disclaimer of opinion
b. Adverse opinion
c. Scope qualification
d. Unmodified opinion

Ans: d. Unmodified opinion

Business

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Indicate the effects on the accounting equation of the following business transactions of Mayflower Service Corporation for b) to d) below. Use proper account titles. Transaction a) is answered as a guide

a) Received cash from Don Jones; issued common stock to him. What will be an ideal response

Business

Office Max's "Elf Yourself" campaign is an example of

A) a successful in-store coupon program. B) a traditional advertising strategy. C) an unsuccessful MPR effort. D) a personal selling tactic. E) viral marketing.

Business