The Audit Objective, "The Accounts Receivable Balance Represents Gross Claims

question 5

Multiple Choice

The audit objective, "The accounts receivable balance represents gross claims on customers and agrees with the sum of the accounts receivable subsidiary ledger" is derived from the assertion of:

• A) existence or occurrence.
• B) completeness.
• C) rights and obligations.
• D) valuation or allocation.
• E) presentation or disclosure.

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Definitions:

Random Assignment

A method used in experiments to divide participants into groups in a way that each has an equal chance of being placed in any group, minimizing biases.

Generalizable

The extent to which findings from a study can be applied or extended to larger populations beyond the sample studied.

Client Variables

Aspects or characteristics of clients that might influence the outcome of a service, program, or study, such as their background or personal preferences.

Psychological Experiments

Research methods in psychology that involve manipulating one variable to determine its effect on another variable.