Donna Sees a Large Variation in the Gross Margin Percentage

question 68

Multiple Choice

Donna sees a large variation in the gross margin percentage as a result of analytical procedures she performed.This means that

• A)Donna should perform more tests.
• B)the financial statements contain an error.
• C)Donna cannot rely on the company's internal controls.
• D)Donna should document this difference.

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Definitions:

Condenser

A device used to condense a gas into a liquid by cooling it.

Secured

Ensured to be firmly attached or fastened so as to not give way or become lost.

Total Magnification

The overall enlargement of an image achieved by a microscope, calculated by multiplying the magnification of the ocular lens by that of the objective lens.

Oil-immersion Lens

A microscope objective lens designed to be used with a drop of immersion oil to increase magnification quality by reducing light refraction.