The Auditor Has Decided to Use Accounts Payables Confirmations When

question 62

Multiple Choice

The auditor has decided to use accounts payables confirmations when testing substantive testing for balances.Which two management assertions is she testing?

• A)Existence and completeness
• B)Existence and occurrence
• C)Existence only
• D)Completeness only

Understand the concept of the relevant range in cost behavior.

Use the contribution margin and contribution margin ratio in decision-making.

Understand and apply CVP analysis for business decision-making.

Calculate unit variable cost and fixed cost using given data.

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Definitions:

Agile Development

A methodology in software development that emphasizes flexibility, customer involvement, and iterative progress, allowing for rapid adjustments based on feedback.

Design Phase

A stage in project development focused on creating plans, specifications, and creative solutions before actual implementation begins.

Development Methodology

A structured framework used during the process of software development to plan, control, and manage the creation of a system or application.

Sampling

A process in statistics that involves selecting a subset of individuals from a population to estimate characteristics of the whole group.