A Company's Accounting Information System Reports the Book Value of Computer

question 22

Multiple Choice

A company's accounting information system reports the book value of computer equipment as $25,000. During compliance testing, an auditor would need to see the computer equipment to verify which assertion?

• A) Existence.
• B) Valuation.
• C) Obligations.
• D) Completeness.

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Definitions:

Top and Center

Positioning an element at the top of its container or page, horizontally aligned in the center.

Position Button

A user interface element that allows users to control or specify the position of objects within a software application or document layout.

Align Button

A tool in software applications that aligns selected objects or text according to left, center, right, or justified formatting options.

Square Text Wrapping

A formatting option that allows text to flow around a graphic or image in a square pattern, ensuring that the image effectively integrates with the surrounding text.