An increase in a corporation's marginal tax rate will decrease the corporation's cost of debt, but
have no impact on its cost of preferred stock or cost of common equity.
Indicate whether the statement is true or false
TRUE
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Calculating the sample size using monetary unit sampling depends on which of the following factors?
A) Estimated population misstatement Recorded population value Yes Yes B) Estimated population misstatement Recorded population value No No C) Estimated population misstatement Recorded population value Yes No D) Estimated population misstatement Recorded population value No Yes
Which of the following would normally be discovered as part of the audit of the bank reconciliation?
A) failure to bill a customer B) failure to include a deposit in transit on the bank reconciliation C) duplicate payment of a vendor's invoice D) payment to an employee for more hours than she worked