Which of the following statements regarding the competence of an accountant is true? The accountant must: Select one: a. Not breach the trust of clients and employers. b. Strive continually to improve technical services and keep knowledge up-to-date. c. At all times safeguard the interest of the clients and employers, provided it does not conflict with their duty to the community. d. Not disclose information acquired in the course of professional work, except where there is a legal or professional duty to disclose.

Which of the following statements regarding the competence of an accountant is true? The accountant must: Select one: a. Not breach the trust of clients and employers. b. Strive continually to improve technical services and keep knowledge up-to-date. c. At all times safeguard the interest of the clients and employers, provided it does not conflict with their duty to the community. d. Not disclose information acquired in the course of professional work, except where there is a legal or professional duty to disclose.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter3: Internal Control Issues

Section3.9: Walmart De Mexico

Problem 2Q

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Question 31

Question text

Which of the following is an example of Direct Material?

Select one:

a. Fabric used for T-shirt production.

b. Replacing the main door of the factory.

c. Cleaning chemical for all products in the factory

d. Grease used for the maintenance of machine.

Question 32

Indirect labor is a part of:

Select one:

a. Prime cost.

b. Period cost.

c. Conversion cost.

d. Nonmanufacturing cost.

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