A Major Type of Assurance Service Performed by Large Public

question 31

Multiple Choice

A major type of assurance service performed by large public accounting firms is

• A)auditing.
• B)reviewing.
• C)compilation.
• D)management consulting.

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Definitions:

Dividend Yield

A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, often expressed as a percentage.

Dividends Per Share

A measure of how much dividend income a company pays out to its shareholders per share of its stock.

Net Profit Margin Ratio

A financial metric that shows the percentage of net income derived from total revenue, indicating how efficiently a company is managing its expenses.

Total Asset Turnover Ratio

A financial metric indicating how effectively a company uses its assets to generate sales revenue, calculated by dividing sales by average total assets.