Which of the Following Procedures Is Not a Substantive Procedure

question 7

Multiple Choice

Which of the following procedures is not a substantive procedure used for testing the valuation of long-lived assets?

• A)Assess management's impairment estimates.
• B)Inquire of management about assets that are idle.
• C)Develop an independent estimate of amortization expense.
• D)All of the above are procedures used for testing the valuation assertion.

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Definitions:

Trusting

The attitude or disposition to believe in the reliability, truth, ability, or strength of someone or something.

Parenting Styles

Different approaches to raising children characterized by various combinations of responsiveness and demandingness.

Responsiveness

The quality of reacting quickly and positively, especially to stimuli or treatment.

Demandingness

The degree of strictness or expectation imposed by a task or individual.