In Most Audits,the Amounts of the Balance Sheet Accounts Related

question 58

Multiple Choice

In most audits,the amounts of the balance sheet accounts related to payroll are

• A)large and require substantial effort to audit.
• B)small compared with the transactions.
• C)large on the liability side but small on the asset side.
• D)significantly larger than the related accounts on the income statement.

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Definitions:

Periderm

A protective tissue in plants that replaces the epidermis in parts that undergo secondary growth, such as in tree bark.

Vessel Elements

Cylindrical plant cells that, along with tracheids, facilitate the transport of water and nutrients in plants.

Tracheids

Tracheids are elongated cells in the xylem of vascular plants, serving to transport water and minerals as well as providing structural support.

Carbohydrates

Organic compounds made up of carbon, hydrogen, and oxygen, serving as a major source of energy for living organisms, and found in foods as sugars, starches, and fiber.