The Negative Request Form of Accounts Receivable Confirmation Is Useful

question 4

Multiple Choice

The negative request form of accounts receivable confirmation is useful particularly when the $$\begin{array} { | l | l | l | } \hline \begin{array} { l } \text { Assessed Level of Risk of Material } \\\text { Misstatement Relating to Receivables Is }\end{array} & \begin{array} { l } \text { Number of Small } \\\text { Balances Is }\end{array} & \begin{array} { l } \text { Proper Consideration by } \\\text { the Recipient Is }\end{array} \\\hline \text { A. Low } & \text { Many } & \text { Likely } \\\hline \text { B. Low } & \text { Few } & \text { Unlikely } \\\hline \text { C. High } & \text { Few } & \text { Likely } \\\hline \text { D. } \text { High } & \text { Many } & \text { Likely } \\\hline\end{array}$$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Quasi Contract

An obligation imposed by law to prevent unjust enrichment, in the absence of an actual agreement between the parties involved.

Quasi Contract Theory

A legal concept that allows a court to award damages to a party as if a contract existed, even though one does not, to prevent unjust enrichment.

Nurse Practitioner

A healthcare professional with advanced training, capable of providing some level of care similar to that of a doctor, including diagnosing and treating conditions.

Unconscious

A state in which a person is not awake and not aware of and responding to their environment.