Extensive Tests of Detail for an Income Statement Account Is

question 3

Multiple Choice

Extensive tests of detail for an income statement account is least likely to be required when:

• A) inherent risk is high.
• B) control risk is high.
• C) detection risk is high.
• D) analytical procedures reveal some unexpected fluctuations.

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Definitions:

Manipulated Independent Variables

Manipulated independent variables are those that researchers intentionally change or control in an experiment to observe their effects on dependent variables.

Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Need For Achievement

The motive to engage in and succeed at entrepreneurial achievement behavior.