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.

Understand the role and importance of silence in counseling sessions.

Identify the characteristics of effective communication in nutrition counseling.

Determine the appropriate use of questioning techniques in nutrition counseling.

Recognize the importance of counselor responses and feedback types, including affirmation and confrontation.

---

Definitions:

Residual Income

The amount of income that an individual or business has after all expenses and debts have been paid.

Return on Investment

A financial metric used to gauge the profitability of an investment, calculated by dividing the profit gained from an investment by the cost of the investment.

Operating Income

EBIT, which stands for Earnings Before Interest and Taxes, indicates a firm's profit derived specifically from its primary business activities.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales revenue; calculated as sales divided by the investment in assets.