Which of the Following Is the Most Objective Type of Evidence

question 3

Multiple Choice

Which of the following is the most objective type of evidence?

• A)A letter written by the client's attorney discussing the likely outcome of outstanding lawsuits
• B)The physical count of securities and cash
• C)Inquiries of the credit manager about the collectability of noncurrent accounts receivable
• D)Observation of cobwebs on some inventory bins

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Definitions:

Credit Risk Indicator

A metric or score used to evaluate the likelihood of a debtor defaulting on a loan or credit agreement.

Stock Price Predictor

A tool or model used to forecast the future prices of stocks based on historical data, market trends, and other factors.

Project Earnings

Project earnings refer to the expected income generated from a specific project or investment, considering various financial projections and assumptions.

IFRS

International Financial Reporting Standards, a set of global accounting guidelines providing a common language for business affairs so that company accounts are understandable and comparable across international boundaries.