By Selecting a Sample of Additions to Property, Plant, and Equipment

question 65

Multiple Choice

By selecting a sample of additions to property, plant, and equipment and then examining the related vendor invoices, the auditor is testing which of the following assertions for property, plant, and equipment?

• A)Occurrence.
• B)Completeness.
• C)Cutoff.
• D)Classification.

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Definitions:

Observations

The collected data points or measurements recorded during a scientific study or research project.

Symmetric

A characteristic of shapes or distributions that exhibit mirror-like similarity on either side of a central point or axis.

Histogram

A graphical representation of the distribution of numerical data, using bars of different heights to show the frequency of data in successive intervals.

Vertical Line

A vertical line is a straight line that goes up and down without any tilt, perfectly perpendicular to a horizontal plane, often used in geometric contexts and graphing.