Why is it necessary for firms to execute the steps of the order-to-payment cycle quickly and accurately?
What will be an ideal response?
It is necessary for the firms to execute the steps of the order-to-payment cycle quickly and accurately because customers favor firms that can promise timely delivery.
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Eagle Company's financial statements contain a departure from generally accepted accounting principles because, due to unusual circumstances, the statements would otherwise be misleading. The auditor should express an opinion that is
a. Qualified and describe the departure in a separate paragraph b. Unmodified but not mention the departure in the auditor's report c. Qualified or adverse, depending on materiality, and describe the departure in an other-matter paragraph d. Unmodified and describe the departure in an other-matter paragraph
One of the advantages of licensing is:
A) licensees have limited control. B) licensees have considerable autonomy. C) license agreements have short life. D) licensees can develop similar products. E) licensees have considerable leverage.