Which One of the Following Types of Receivables Would NOT

question 31

Multiple Choice

Which one of the following types of receivables would NOT require special attention from the auditor?

• A) accounts that have been outstanding for a long time
• B) accounts with credit balances
• C) accounts where no reply was received to a negative confirmation request
• D) receivables from affiliated companies

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Definitions:

Delphinium Nudicaule

A species of perennial flower in the buttercup family known for its vivid red-orange flowers, commonly referred to as the red larkspur.

Punctuated Equilibrium

Model of evolutionary change in a species which suggests that there are long periods of little or no change, followed by brief periods of rapid speciation.

Phyletic Gradualism

Phyletic gradualism is an evolutionary model suggesting that species evolve through a gradual change of populations over long periods of time.