The prices of puts and calls on the same stock move independently of one another

Which of the following best describes the purpose of control activities?

A) the actions, policies and procedures that reflect the overall attitudes of management B) the identification and analysis of risks relevant to the preparation of financial statements C) the policies and procedures that help ensure that necessary actions are taken to address risks to the achievement of the entity's objectives D) activities that deal with the ongoing assessment of the quality of internal control by management

Buy & Large, Inc.'s inventory activity in October was:

Inventory, October 1 11 units @ $8 each Purchase, October 12 22 units @ $11 each Sale, October 25 25 units @ $25 each Show the correct effect on the accounting equation of the October 25th sale on account using the perpetual LIFO method of accounting for inventory. Assets Liabilities Shareholders' equity