Which of the Following Is Not a Reason Why the Auditor

question 75

Multiple Choice

Which of the following is not a reason why the auditor needs to take special care to review significant estimates in the financial statements?

• A) Organizations may try to use the estimates to "smooth" earnings.
• B) Organizations may create hidden reserves in unusually good years that can be used in years when real profits do not meet expectations.
• C) Companies may underestimate liabilities or impairment of asset values to achieve reported earning goals in years when real profits to not meet expectations.
• D) Companies may try to overestimate liabilities in computing leverage ratios.

Comprehend the purpose and usage of the main method's array parameter, args.

Utilize loops for array initialization and manipulation.

Differentiate between single and multidimensional arrays, and understand their applications.

Understand the concept and usage of collection classes in Java.

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Definitions:

Sphere

A three-dimensional geometric shape that is perfectly round and symmetrical, with every point on its surface equidistant from its center.

UML Class Diagram

A type of static structure diagram in the Unified Modeling Language that describes the structure of a system by showing the system's classes, attributes, operations, and the relationships among objects.

Private Access

An access modifier in object-oriented programming that restricts access to the members of a class from outside.

Container

A framework or an environment for storing or holding objects, often used in programming for structures such as arrays, lists, or files.