The Orange Corporation Was Audited for the Year Ended December

question 31

Multiple Choice

The Orange Corporation was audited for the year ended December 31.The audit was completed on January 25; prior to the release of the report,auditors learned of a two-for-one stock split on February 1.If dual dating is used,what are the proper dates for the auditors' reports?

• A)December 31 and January 25.
• B)January 25 and February 1.
• C)January 25 and February 15.
• D)February I and February 15.

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Definitions:

Critical-Thinking Guidelines

Principles or strategies designed to promote reasoned analysis, evaluation, and synthesis of information to guide beliefs or actions.

Define Your Terms

A principle emphasizing the importance of clearly defining the words or concepts one is using in an argument or discussion.

Gut Reaction

An instinctive response or feeling, not based on rational thought.

Psychics

Individuals who claim to have abilities to perceive information hidden from the normal senses through extrasensory perception.