Describe the cycle approach to segmenting an audit and how the auditor conducts financial statement audits using the cycle approach.

Describe what is meant by the cycle approach to auditing. What are the advantages of dividing the audit into different cycles?

Distinguish between management’s and the auditor’s responsibility for the financial statements being audited.

State the objective of the audit of financial statements. In general terms, how do auditors meet that objective?

On January 1, year 1, LaGuardia Company signed a five-year non-cancellable lease for a new machine with a fair value of $80,000, requiring$8,000 annual payments at the beginning of each year. The machine had a useful life of 10 years, with no salvage value. Title did not pass to LaGuardia, nor was there any bargain purchase option. LaGuardia uses straight-line depreciation for all of its plant assets. Aggregate lease payments had a present value on January 1, 20X1 of $40,000 based on an appropriate interest rate. For Year 1, LaGuardia should record depreciation (amortization) expense for the leased machine under U.S. GAAP at: a.$0
b. $7,500
c.$6,000
d. $8,000

The closing entries for Clausen Enterprises are given below.

Assuming all account balances are correct, review the entries. List any errors you find.

$$\begin{array}{|c|c|c|c|c|c|} \hline\text { Date } & \text { Account Title } & \\ \text { Post. }&&\text { Doc. } &\text{Post}&\text{General}\\ &&\text{No.}&\text{Ref.}&\text{Debit}&\text{Credit}\\ \hline & \text { Sales } & & & 16,000 & \\ \hline & \text { Income Summary } & & & & 16,000 \\ \hline & \text { Insurance Expense } & & & 450 & \\ \hline & \text { Rent Expense } & & & 1,250 & \\ \hline & \text { Supplies Expense } & & & 600 & \\ \hline & \text { Utilities Expense } & & & 1,700 & \\ \hline & \text { Income Summary } & & & & 4,000 \\ \hline & \text { Income Summary } & & & 20,000 & \\ \hline & \text { Jennifer Clausen, Capital } & & & & 20,000 \\ \hline & \text { Jennifer Clausen, Drawing } & & & 4,500 & \\ \hline & \text { Jennifer Clausen, Capital } & & & & 4.500 \\ \hline \end{array}$$

Two blocks ( $A$ and $B$ ) remain stuck together as they are pulled to the right by a force $F=200 \mathrm{~N}$. B is on a rough horizontal tabletop (coefficient of kinetic friction of 0.800 ).
(a) What is the acceleration of the system?
(b) What is the force of friction between the two objects?

In the first mentioned Figure, a constant horizontal force $\vec{F}_a$ is applied to block $A$, which pushes against block $B$ with a $20.0 \mathrm{~N}$ force directed horizontally to the right. In the second mentioned Figure, the same force $\vec{F}_a$ is applied to block $B$; now block $A$ pushes on block $B$ with a $10.0 \mathrm{~N}$ force directed horizontally to the left. The blocks have a combined mass of $15.0 \mathrm{~kg}$. What are the magnitudes of their acceleration in the first figure?

The leftmost block depicts total internal reflection for light inside a material with an index of refraction $n_1$ when air is outside the material. A light ray reaching point A from anywhere within the shaded region at the left (such as the ray shown) fully reflects at that point and ends up in the shaded region at the right. The other blocks show similar situations for two other materials. Rank the indexes of refraction of the three materials, greatest first.

How would you explain the title of this story?

Three blocks being pushed across a frictionless floor by horizontal force $\vec{F}$. What total mass is accelerated to the right by

Rank the blocks according to their acceleration magnitudes, greatest first.

Two blocks connected by a cord passing over a small, frictionless pulley rest on frictionless planes . What is the acceleration of the blocks?

Why did J.D. Salinger title The Catcher in the Rye as such?

Classical conditioning is most clearly biologically adaptive because __________________________________________.