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xxMikexx [17]
3 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]3 years ago
4 0

Answer:

C. No Yes

Explanation:

Classification and understand-ability = NO

rights and obligations= YES

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A likely reason that a company would move its facility from one location to another is that they would like to access various modes of transportation, such as boats and/or railroad.
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Money, Inc., a calendar year S corporation in Denton, Texas, has two unrelated shareholders, each owning 50% of the stock. Each
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Answer:

See below

Explanation:

a. At the end of the year, before distribution, each shareholder's basis

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