The Composition of Oak and Company's Accounts Receivable Are as Follows

question 96

Multiple Choice

The composition of Oak and Company's accounts receivable are as follows: Over $250,000 - 5 accounts
Between $25,000 and $250,000 - 80 accounts
Less than $25,000 - 200 accounts
The best confirmation strategy for the auditor is:

• A)Positive confirmations on a sample of all 285 accounts.
• B)Positive confirmations on all a sample of all accounts over $25,000; negative confirmations on a sample of accounts less than $25,000.
• C)Positive confirmations on all 5 accounts over $250,000; positive confirmations on a sample of the accounts between $25,000 and $25,000; negative confirmations on a sample of accounts less than $25,000.
• D)Positive confirmations on all 5 accounts over $250,000; negative confirmations on a sample of the accounts less than $250,000.

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Definitions:

HR Supply Planning

The process of forecasting an organization's future human resource requirements and developing strategies to meet those needs.

HRM Systems

HRM Systems, or Human Resource Management Systems, are integrated systems used by organizations to manage HR processes such as recruitment, attendance, payroll, performance management, and employee development.

Job Specification

A document that outlines the qualifications, skills, and experience necessary for a specific position, serving as a guide for hiring.