Garcia Was Engaged to Audit the Financial Statements of Delta

question 38

Multiple Choice

Garcia was engaged to audit the financial statements of Delta Corporation for the year ended September 30,200X.Having completed an examination of the investment securities,which of the following is the best method of verifying the accuracy of recorded dividend income?

• A)Tracing recorded dividend income to cash receipts records and validated deposit slips.
• B)Utilizing analytical techniques and statistical sampling.
• C)Comparing recorded dividends with amounts appearing on federal information form 1099s.
• D)Comparing recorded dividends with a standard financial reporting service's record of dividends.

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Definitions:

Reproductive Success

The passing of genes onto the next generation in a way that they too can pass those genes on.

Environmentally Adaptive

The capacity of an organism or a system to adjust or change in response to environmental conditions.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, celebrated for enriching the community with different perspectives, traditions, and experiences.

Gene Replication

The process by which a cell duplicates its DNA, ensuring that each new cell receives an exact copy of the genetic material.