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densk [106]
3 years ago
13

An auditor most likely will review an entity's periodic accounting for the numerical sequence of shipping documents and invoices

to support management's financial statement assertion ofA. OccurrenceB. Rights and obligationsC. Valuation and allocationD. Completeness
Business
1 answer:
USPshnik [31]3 years ago
3 0

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.

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break even point in units = 2,667

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The break even point marks the point where a company is able to cover all its expenses. At this point the company is not losing money, but it is not making a profit either.

break even point in units = total fixed costs / contribution margin

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break even point in units = $10,000 / $3.75 = 2,666.67 ≈ 2,667 units

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