The Auditor Recomputed the Dividend Declaration Amount by Multiplying the Declared

question 48

Multiple Choice

The auditor recomputed the dividend declaration amount by multiplying the declared dividend per share by the number of shares outstanding.Which audit assertion is this associated with?

• A)completeness
• B)accuracy
• C)valuation
• D)existence

---

Definitions:

Marginal Cost

The additional cost incurred by producing one more unit of a good or service.

Total Variable Cost

The total of all variable expenses which change with the level of output.

Economic Consultant

A professional who provides expert advice on economic matters, including analysis, forecasting, and policy recommendations.

Marginal Cost

Marginal Cost is the cost of producing one additional unit of a good.