Auditing Final Review Questions Chloe Granahan 1. Assume that the audit team notes the client has made a significant change in its product line which requires that new equipment be purchased. Which of the following would be of greatest concern to the auditor? A. Inappropriate book value of new equipment. B. Impaired value of new equipment. C. Impaired value of old equipment. D. Inappropriate depreciation calculation for new equipment. 2. A. B. C. D. Audit procedures should be proportional to which of the following
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Chapter 2 Recording Business Transactions √ Quick Check Answers: 1. a 3. b 5. d 7. d 9. c 2. c 4. c 6. a 8. a 10. b Explanations: 3. b. Owner’s equity is $130‚000 ($50‚000 + $60‚000 + $200‚000 – $80‚000 – $100‚000). 7. d. Supplies balance is $1‚200 ($500 + $700). The payment of accounts payable does not affect supplies. 9. c. Ending equity is $70‚000‚ computed as follows: Beginning owner’s equity…….. $ 50‚000 Add: Net income: Revenues……………….. $110‚000
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CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND SIWES was established by ITF in 1973 to solve the problem of lack of adequate practical skills preparatory for employment in industries by Nigerian graduates of tertiary institutions. The Scheme exposes students to industry based skills necessary for a smooth transition from the classroom to the world of work. It affords students of tertiary institutions the opportunity of being familiarized and exposed to the needed experience in handling machinery
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Movie Review: Black Hawk Down I selected the movie Black Hawk Down‚ because I really respect the soldiers who fight to keep all of us safe. Also‚ my mother told me that she had a personal connection with this movie because her mentor’s son was one of the Army Rangers that participated in this battle. On October 3‚ 1993‚ a group of U.S. Elite Forces consisting of more than 100 Delta Force soldiers and Army Rangers‚ who were part of a larger United Nations peacekeeping force‚ were dropped into
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Modern Internet Reliable Computer Shop (EMIR Computer Shop) ABSTRACT Computer shop business is one of the most in demand businesses here in the Philippines. Nowadays‚ internet cafes are really in demand because of the fast changing technology that the people embraced. Some have their own laptops and bring it to coffee shops so that they could relax and at the same time prepare their assignments and paper works. EMIR computer shop has the capability to combine work and other internet services
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Review Questions 1. What is the NIBIN? The NIBIN is a database of digital images showing the classifying features of bullets and casings. 2. What is rifling? What two types of markings does this produce? Rifling is the spiral grooves cut into the barrel of a gun in order to make the bullets spin when fired. The two types of markings that are produced are grooves and lands. 3. What is a distance determination? How is this done? Distance determination is the process of estimating the distance between
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conform to society. It is basic human nature to have the desire to pass on our own values‚ norms and culture to our kids and/or those who we are in command of. We often resort to educating them based on values we’ve been taught by society. Social networking has now introduced an innovative way of attaining these norms through virtual communities on the Web. Socialization prepares us for our life experiences. It can be considered a reverential foundation for society. We may not agree to some rules
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Name: Christian Armstrong- Thomas Date: 2/5/16 The Cay Review Questions Chapters 5-10 Respond to the following questions in complete sentences using RACE. Use textual evidence from the novel to complete your answers and record the page number or chapter. 1) Who is Phillip’s shipmate? Describe him. (Personal characteristics‚ beliefs‚ and physical attributes) Chapter 5 Phillip’s shipmate is very old Negro‚ ugly‚ with a flat
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Deegan & Unerman – Financial Accounting Theory 2e Chapter 4 Answer 4.1: Chapter 4 has provided a number of factors which have been suggested to explain why different countries use different systems of accounting. These include: o The extent of economic development within a country. It is argued that as countries become more ‘wealthy’ they tend to develop their own accounting standards (which can be costly). Less developed countries often adopt accounting standards issued by the IASC (which
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Information Security Policy Best Practice Document Produced by UNINETT led working group on security (No UFS126) Authors: Kenneth Høstland‚ Per Arne Enstad‚ Øyvind Eilertsen‚ Gunnar Bøe October 2010 © Original version UNINETT 2010. Document No: Version / date: Original language : Original title: Original version / date: Contact: © English translation TERENA 2010. All rights reserved. GN3-NA3-T4-UFS126 October 2010 Norwegian “UFS126: Informasjonsikkerhetspolicy” July 2010 campus@uninett
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