Which of the following methods of assigning indirect service department costs recognizes on a partial basis the reciprocal relationships among the departments?

On December 31, 2016, Thompson Hardware Company purchases $300,000 of property by paying $50,000 in cash and signing a 10-year mortgage note at 13% for the balance

The amortization schedule shows that the company will pay $46,072 per year. Journalize the first yearly payment on December 31, 2017. What will be an ideal response

To whom did Cynthia Cooper, the Chief Audit Executive for WorldCom, directly report at the time of the WorldCom fraud?

a. The chair of the audit committee. b. The KPMG audit partner for WorldCom. c. The CFO. d. The CEO. e. The General Counsel.