An auditor assesses the risk of material misstatement because it a. is relevant to the auditor's understanding of the control environment. b. provides assurance that the auditor's overall materiality levels are appropriate. c. indicates to the auditor where inherent risk may be the greatest. d. affects the level of detection risk that the auditor may accept.

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots

Todd and jim learned that in building a business plan, it was important for them to:

During a liquidation, a partner's capital account balance drops below zero. what should happen? select one: a. the deficit balance should be removed from the accounting records with only the remaining partners sharing in future gains and losses.b. the partner with a deficit should contribute enough assets to offset the deficit balance if he is solvent.c. the other partners should contribute enough assets to offset the amount of deficit if the partner with a deficit is insolvent.d. both b & c