Which of the Following Would the Auditor Use to Determine

question 51

Multiple Choice

Which of the following would the auditor use to determine the existence of investments?

• A)Footing the schedule of recorded investments.
• B)Confirming or examining recorded investments.
• C)Examining the recorded investments for name and title.
• D)Recomputing interest and/or gains and losses.

---

Definitions:

Soft Drinks

Non-alcoholic beverages that are usually carbonated and contain various flavorings and sweeteners.

Price Elasticity

A measure of the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.

Total Revenue

The total income received by a company from its sales of goods or services, calculated without deducting any costs or expenses.

Price Range

The spread between the highest and lowest selling price of a commodity or service over a certain period of time, reflecting its market volatility or stability.