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NEW QUESTION: 1
You are a controller for a public sector organization. You need detailed fiscal tracking and reporting.
You need to set up fund types categorized under specific fund classes.
Which fund type can you set up for each fund class? To answer, drag the appropriate fund types to the correct fund classes. Each fund type may be used once, more than once, or not at all. You may need to dreg the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Answer:
Explanation:
Explanation
NEW QUESTION: 2
The mean of a Poisson distribution is 2.94. Its standard deviation is:
A. 8.64
B. 1.31
C. 1.71
D. not enough information is given
E. 74.7
Answer: C
NEW QUESTION: 3
After making inquiries about credit granting policies, an auditor selects a sample of sales transactions and
examines evidence of credit approval. This test of controls most likely supports management's financial
statement assertion(s) of:
A. Option C
B. Option D
C. Option A
D. Option B
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. By ensuring that credit approval is obtained before goods are shipped to customers,
the auditor is testing management's assertion that accounts receivable are collectible (allocation and
valuation). Ensuring that credit approval is obtained before goods are shipped does not support the rights
and obligations assertion.
Choices "A", "B", and "D" are incorrect, based on the above Explanation.
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