You had several of your son's friends over last night for a sleepover. While dropping off their child, one of the parents did not see your basketball hoop and smashed it beyond repair with her car. Where would you look for damage payment?

A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Accounts Payable can be taken from the ________

A) inventory, purchases, and cost of goods sold budget B) schedule of cash payments C) direct materials budget D) selling and administrative expenses budget

A CPA firm acts with scienter in all the following circumstances except when the firm

A. Intentionally disregards the truth. B. Has actual knowledge of fraud. C. Negligently performs a professional service. D. Intends to gain monetarily by concealing fraud.