Gina Is Performing the Audit of the Payables Section of Reno

question 36

Multiple Choice

Gina is performing the audit of the payables section of Reno Inc.She wants to confirm the payables from an independent source.Which of the following actions would achieve this?

• A)Confirm an interco payable with the CEO of the US branch of Reno Inc.
• B)Confirm the account payable with Clarkson Corp.The CFO of Clarkson is the wife of the controller of Reno.
• C)Confirm the line of credit balance with Citizen Bank.Reno does all its banking with Citizen and it also has a long-term loan there.
• D)Confirm the account payable to Suco Inc.The CEO of Reno owns 30% of the outstanding shares of Suco.

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Definitions:

Diagnostic Procedure

Tests conducted to identify the cause of an ailment or disease, aiding healthcare professionals in determining appropriate treatment.

CT Scan

A medical imaging technique using computer-processed combinations of many X-ray measurements taken from different angles to produce cross-sectional images of specific areas of a scanned object.

Cross-Sectional View

A type of representation or diagram that shows a cut-through portion of an object, revealing its internal structure.

Rotate

The act or process of moving or turning around a central point or axis, often applied in various scientific and practical contexts.