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NEW QUESTION: 1
In which of the possible scenarios can you indicate that an account is also a statistical cost elements? There are
2 correct answer to this question.
A. It is used as a work in process (WIP) inventory account in the material account assignment.
B. It is used as special reserve balance account in fixed asset accounting.
C. It is used as inventory account in the material account assignment.
D. It is used as balance sheet account in fixed asset accounting.
NEW QUESTION: 2
You have been tasked with creating a vSphere 6.5 data center design for an organization. The organization has provided information via requirements gathering. Evaluate each statement and determine if the requirement is functional or non-functional.
Match Requirements on the left by dragging the red buttons (R1-R9) over the text of the appropriate Classification.
NEW QUESTION: 3
Which of the following events occurring after the issuance of an auditor's report most likely would cause
the auditor to make further inquiries about the previously issued financial statements?
A. A contingency is resolved that had been disclosed in the audited financial statements.
B. An uninsured natural disaster occurs that may affect the entity's ability to continue as a going concern.
C. A subsidiary is sold that accounts for 25% of the entity's consolidated net income.
D. New information is discovered concerning undisclosed lease transactions of the audited period.
Choice "C" is correct. The question addresses the subsequent discovery of facts that may have existed at
the balance sheet date. Such events will often require an adjustment to the financial statements. An
example is new information discovered about undisclosed lease transactions of the audited period. As a
result, the auditor should make further inquiry to determine whether the information is reliable and whether
the facts existed at the date of the report.
Choice "A" is incorrect. The natural disaster is an example of a subsequent event occurring after the date
of the auditor's report that the auditor has no obligation to investigate.
Choice "B" is incorrect. The resolution of a disclosed contingency is an example of a subsequent event
occurring after the date of the auditor's report that the auditor has no obligation to investigate.
Choice "D" is incorrect. Sale of a subsidiary occurring after the date of the auditor's report is an example of
a subsequent event that the auditor has no obligation to investigate.