There is an inverse relationship between the quality or rating of a bond and the rate of return it must provide bondholders

Indicate whether the statement is true or false

TRUE

Business

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Which of the following most likely would cause an auditor to consider whether a clients financial statements contain material misstatements?

a. management did not disclose to the auditor that is consulted with other accountants about significant accounting matters. b. the chief financial officer will not sign the management representation letter until the last day of the auditors field work c. audit trails of computer generated transactions exist only for a short time d. the results of an analytical procedure disclose unexpected differences

Business

________ is the total amount of money a seller makes by selling a product before any costs are

subtracted. A) Net income B) Revenue C) Profit D) Economic surplus

Business