Which of the Following Is a Basic Approach Often Used

question 34

Multiple Choice

Which of the following is a basic approach often used by auditors to evaluate the reasonableness of accounting estimates?

• A)Confirmation.
• B)Observation.
• C)Reviewing subsequent events or transactions.
• D)Analyzing corporate organizational structure.

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Definitions:

Dissociates

To split into separate smaller atoms, ions, or molecules, especially in the context of dissolving in a solution.

Electrodes

Conductors through which electricity enters or leaves a medium, whether it be an electrolytic solution, a solid, or a vacuum.

Electrolytes

Substances that dissociate into ions in solution, allowing the solution to conduct electricity.

Weak Electrolyte

A substance that partially dissociates into ions in solution, thus conducting electricity weakly.