Accountants and Auditors Are Less Likely to Use Which of the Following

question 60

Multiple Choice

Accountants and auditors are less likely to use which of the following system documentation methods?

• A)Process maps
• B)System flowcharting
• C)Document flowcharting
• D)Data flow diagrams

---

Definitions:

Stock Dividend

A payment made to shareholders in the form of additional shares rather than cash, representing a portion of the profit.

Paid-In Capital

Paid-in capital is the amount of money that a company has received from shareholders in exchange for stock, reflecting the funding provided to the company over and above the par value of the shares.

Retained Earnings

The portion of net income that is kept by a company rather than distributed to its shareholders as dividends, to be reinvested in the business or pay off debt.

Treasury Stock

Shares that were once in circulation but were bought back by the issuing company, decreasing the amount of stock outstanding.