For Sales, the Occurrence Transaction-Related Audit Objective Affects Which of the Following

question 56

Multiple Choice

For sales, the occurrence transaction-related audit objective affects which of the following balance-related audit objectives?

• A) existence
• B) completeness
• C) rights
• D) detail tie-in

---

Definitions:

Risk-Free Rate

The risk-free rate is the theoretical rate of return of an investment with zero risk, often represented by the yield on government bonds.

Market Portfolio

A theoretical bundle of investments that includes every type of asset available in the market, with each asset weighted by its market capitalization.

Growth Rate

Growth rate signifies the percentage change of a specific variable within a specific time period, often used to indicate the expansion of a company's revenue or profit.

Risk-Free Rate

The theoretical rate of return on an investment with zero risk, often represented by the yield on government bonds.