Answer: C - Valuation & Allocation
Explanation: Auditors review of a company's shipping documents & invoices is to ascertain the correctness of the figures in the financial statement.
Auditors will have to value the transaction using the invoices and other documents available for the transaction and to to verify that the costs are allocated correctly.
Answer:
The local governing body will use the assessed taxes to fund water and sewer improvements and provide law enforcement, fire protection, education, road and highway construction, libraries and other services that benefit the community.
Answer:
The Food and Drug Administration issues a recall for the meat, and the seller notifies its customers.
Explanation:
When there is a serious or potentially serious risk to consumers, the FDA works with sellers and distributors to recall products (remove them from store shelves) and notify customers through press releases and other communications.
Answer: Option D
Explanation: Matching principle is an accounting standard which states that the expenses incurred in a period should be recognized in the period in which the revenue relating to that expense is earned regardless of the fact when the cash exchange has been done.
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So, as per the given problem option D is the right answer.