Renaldo Compared Shipping Reports to Sales Documents,checking to See That

question 53

Multiple Choice

Renaldo compared shipping reports to sales documents,checking to see that the sales invoice dates matched the shipping dates,and that quantities invoiced matched quantities shipped.On his working paper,he said that he vouched invoices.What else should his working paper include with respect to the audit procedure conducted?

• A)details of tests conducted,with results
• B)results of analytical review procedures on the aging of accounts receivable
• C)employee numbers and wage rates of the employees he spoke to
• D)a statement that the information will be held confidential

Understand the historical and cultural reasons for alcohol consumption.

Identify the effects of alcohol on different brain regions and overall physiology.

Recognize the symptoms and remedies for alcohol hangovers.

Understand the legal blood alcohol limits related to driving and the impact of alcohol on driving skills.

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Definitions:

Quoted

The stated price or rate for a financial instrument or commodity in the marketplace.

Bond

A fixed-income investment in which an investor loans money to an entity (corporate or governmental) which borrows the funds for a defined period at a variable or fixed interest rate.

Sell

To sell means to exchange a product or service for money or other goods.

Serial Bonds

Bonds issued in a series, each one of which has a different maturity date and thus comes due at a different time.