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xxMikexx [17]
2 years ago
7

An auditor observed that a client mails monthly statements to customers. Subsequently, the auditor reviewed evidence of follow-u

p on the errors reported by the customers. This test of controls was most likely performed to support management's financial statement assertion(s) of
Classification and understandability
rights and obligations

A. Yes Yes
B. Yes No
C. No Yes
D. No No
Business
1 answer:
mash [69]2 years ago
4 0

Answer:

C. No Yes

Explanation:

Classification and understand-ability = NO

rights and obligations= YES

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Suisse Internationale, a Swiss maker of athletic equipment, enters into a price fixing agreement with Total World Sports, a U.S.
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What is artificial selection
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2 years ago
Read 2 more answers
The firm receives an average of $20,000 in checks per day. The weighted average delay in clearing the checks received is 3 days.
katrin [286]

Answer:

<u>$26000</u>

Explanation:

from the question;

check per day; 20000

delay: 3 days

checks to pay suppliers; 17000

clearing time 2 days

<u>we first calculate collection flaot:</u>

collection flaot = average amount of check x outstanding days

= 20000 x 3

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now we have to calculate <u>disbursements float:</u>

average amount of check x days to clear

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5 0
3 years ago
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