Extensive Tests of Detail for an Income Statement Account Is

question 82

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) analytical procedures reveal some unexpected fluctuations.
• D) detection risk is high.
• E) the account requires analysis.

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Definitions:

Survey

A research method used for collecting data from a predefined group of respondents to gain information and insights on various subjects of interest.

High-Sugar Diet

A diet consisting of a high proportion of sugars or carbohydrates, which may affect health negatively by increasing the risk of obesity, diabetes, and other conditions.

Independent Variable

An experimental variable that is manipulated to observe its effect on a dependent variable.

Laboratory

is a controlled setting designed for scientific experiments, research, and testing.