Which of the Following Is Least Likely to Be Accurate

question 55

Multiple Choice

Which of the following is least likely to be accurate statement concerning characteristics of an audit?

• A)An analysis of inventory turnover addresses whether the proper method of determining inventory costs--as contrasted to market values--is being applied.
• B)Characteristics of the double entry bookkeeping system make it possible to test for overstated sales when tests of accounts receivable are being performed.
• C)The direction of tests for overstatement errors is generally directed from the recorded entry to source documents.
• D)Use of a perpetual rather than a periodic inventory system is likely to affect the nature of cutoff errors made at year-end.

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Definitions:

Pleasure Centres

Brain regions that produce feelings of pleasure when activated by certain activities, drugs, or behaviors.

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood. It controls basic emotions and drives.

Brainstem

The brain segment linking the cerebrum to the spinal cord, responsible for regulating essential functions like respiration and cardiac rhythm.

Temporal Lobe

A region of the cerebral cortex involved in processing auditory information and is also important in the understanding of complex stimuli such as faces and scenes.