The Most Important Test for the Existence/occurrence Objective for Accounts

question 14

Multiple Choice

The most important test for the existence/occurrence objective for accounts receivable is:

• A) internal control over balances confirmed.
• B) ownership of the balances confirmed.
• C) existence of the balances confirmed.
• D) collectability of the balances confirmed.

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Definitions:

Noninvasive Prenatal Testing

A screening method that analyzes fetal DNA in the mother's blood to assess the risk of certain genetic disorders.

Canalized Traits

Characteristics or attributes of an organism that are genetically controlled to follow a narrow range of development, regardless of environmental conditions.

Incomplete Dominance

A genetic phenomenon in which a dominant allele does not completely mask the effects of a recessive allele, resulting in a third, often blended phenotype.

Heterozygous

A genetic condition where an individual has two different alleles at a gene locus.