Heavy Manufacturing Company Is in the Business of Making Steel

question 40

Multiple Choice

Heavy Manufacturing Company is in the business of making steel plates,forming heavy metal slabs,and drilling and scoring metals.The company recently upgraded many of its forming machines.Fortunately,it was able to sell its old equipment at a reasonable price.The effect was that sales for the quarter are substantially improved over the same period in the prior year.The general transaction-related audit objective affected by this activity is

• A)timing.
• B)accuracy.
• C)occurrence.
• D)classification.

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Definitions:

Intoxicants

Substances that can cause intoxication, impacting mental or physical faculties, including alcohol and narcotics.

Physically Addictive

Refers to substances or behaviors that lead to a physiological dependence, compelling individuals to continue their use or engagement to avoid withdrawal symptoms.

Crack Addiction

A severe substance use disorder resulting from the regular use of crack cocaine, characterized by a powerful, short-term high and significant physical and psychological dependence.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, which can cause addiction and severe health consequences.