A business borrows cash by signing a note payable. Which of the following accounts is credited?

Audit risk at the assertion level consists of inherent risk, control risk, and detection risk. Which of the following statements is true?

A. Cash is more susceptible to theft than an inventory of coal because it has a greater inherent risk. B. The risk that material misstatement will not be timely prevented or detected by internal control can be reduced to zero by effective controls. C. Detection risk is a function of the efficiency of an auditing procedure. D. The existing levels of inherent risk, control risk, and detection risk can be changed at the discretion of the auditor.

In which section of the marketing planning process is market characteristics like size, growth

rate, and trends established? A) market overview B) objectives C) strategy D) competitive landscape