A Substantive Tests of Transactions for Acquisitions That Would Be

question 48

Multiple Choice

A substantive tests of transactions for acquisitions that would be used to provide evidence regarding the occurrence assertion would be to

• A)compare the classification with the chart of accounts by referring to vendors' invoices.
• B)recompute the clerical accuracy on the vendors' invoice.
• C)review the acquisitions journal for large or unusual amounts.
• D)trace from a file of receiving reports to the acquisition journal.

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Definitions:

Pay Gap

The disparity in earnings between different groups of people, often highlighted between genders, ethnicities, or other demographic categories.

Gender Pay Gap

The average difference in payment or income between male and female employees for doing the same job or jobs of equal value.

Equal Pay Act

A law aimed at abolishing wage disparity based on sex by ensuring that men and women receive equal pay for equal work.

Political Response

Actions or strategies adopted by individuals or organizations to navigate, influence, or respond to political environments and regulations.