AC 492 FINAL EXAM

WWW.HWSOLOUTIONS.COM

www.hwsoloutions.com

 A++ GRADED WITH DESCRIPTION!

A++ graded Check Description Below!!

                                                          

AC 492 FINAL EXAM

A+ Graded Tutorial Available  At:

http://www.hwsoloutions.com/product/3630/

Homework Solution is helping students by providing them high quality study notes and tutorials of AC 492 FINAL EXAM order to ace their studies.

AC 492, 2016

AC 492 FINAL EXAM

Visit Our website:  http://hwsoloutions.com/

 Description:

AC 492 FINAL EXAM,

AC 492 FINAL EXAM

1. The specific audit objective that all purchases and cash disbursements made during the period were recorded relates to:
existence or occurrence.
presentation and disclosure.
rights and obligations.
completeness.

2. The use of the computer to compare production hours to direct labor hours on daily production reports relates to the:

rights and obligations assertion.
completeness assertion.
existence or occurrence assertion.
valuation or allocation assertion.

3. During the count of cash on hand, it is NOT necessary for the auditor to:
insist on the presence of the custodian of the cash throughout the count.
insist on the presence of an internal auditor throughout the count.
obtain a signed receipt from the custodian on return of the funds.
control both cash and non-cash negotiable instruments held by the client.

4. By definition, subsequent events occur between:
the report date and the date the report is issued.
the interim and balance sheet date.
the balance sheet date and the report date.
the balance sheet date and the date the report is issued.

5. The expenditure cycle would include:
payroll transactions.
payments by check.
the purchase of another entity’s stocks.
the purchase of treasury stock.

6. The specific account balance audit objective, plant assets and related expenses are properly identified and classified in the financial statements, relates to the:
presentation or disclosure assertion.
existence or occurrence assertion.
rights and obligations assertion.
completeness assertion.

7. The specific account balance audit objective, the entity owns or has rights to all recorded plant assets at the balance sheet date, relates to the:
rights and obligations assertion.
existence or occurrence assertion.
completeness assertion.
valuation or allocation assertion.

AC 492 FINAL EXAM

 

ART 101 , Test Banks , BUS 401 , ECE 313 , BUS 325, BUS 210 , BUS 250, BUS 303, BUS 402, BUS 201 , BA 215, BUS 230, BUS 211, BUS 307, BUS 235, BUS 308, BUS 475, BUS 415 

 , BUS 610, BUS 620, BUS 405, BUS 642, MATH 221, BUS 600, BSA 500, BUS 310 , BIO 101 , ECO 100, BUS 370, BIO 100, BUS 226, BUS 640, BUS 630, PSY 101, BUS 372, BUS 680, BUS 501, ECE 311, BUS 311,

AC 492 FINAL EXAM

 

 

,