Multiple Choice Questions From CPA Examinations 7-29 a. (2) b. (1) c. (4) d. (1) 7-30 a. (3) b. (3) c. (4) 7-32 1. (5) inquiry of client 2. (7) observation 3. (1) physical examination 4. (2) confirmation 5. (6) reperformance 6. (2) confirmation 7. (3) documentation 8. (4) analytical procedures 9. (5) inquiry of client 10. (6) reperformance 11. (7) observation 12. (1) physical examination 13. (4) analytical procedures 14. (3) documentation 15. (5) inquiry of client 16. (4)
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CHAPTER 7 Revenue and Collection Cycle LEARNING OBJECTIVES Review Checkpoints Exercises‚ Problems‚ and Simulations 1. Discuss inherent risks related to the revenue and collection cycle with a focus on improper revenue recognition. 1‚ 2‚ 3 59 2. Describe the revenue and collection cycle‚ including typical source documents and controls. 4‚ 5‚ 6‚ 7‚ 8 54‚ 55‚ 61‚ 63‚ 64‚ 66 3. Give examples of tests of controls over customer credit approval‚ delivery‚ and
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Stratification can best be defined as _____. Select one: a. divisions created between groups of people in a society based on the social prestige accorded by a person’s occupation‚ lifestyle‚ or membership in certain organizations b. the unequal distribution of wealth that results from private ownership and people’s tendency to preserve surplus wealth rather than share it with others c. systematic inequalities between groups of people that arise as intended or unintended consequences of social
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The World is Flat by Thomas L. Friedman is best described as an exposé of the realities of the present day business world and of the effects that certain advances in technology as well as political upheavals have had on capitalism during the past three decades. The “flattening” of the world is a metaphor used to describe an increasing interconnectivity among the citizens of the world. This increase in interconnectivity is ascribed to several events such as the fall of the Berlin wall‚ and most
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the nation’s cabbage crop (and thus reduces supply)‚ how will that affect total expenditures on cabbage‚ all other things equal? (Hint: Consider the change in cabbage prices.) Choose one answer. | B. Total expenditures will rise. | | Question 7 If an increase in income leads to a decrease in the demand for a good‚ then the good is said to be: Choose one answer. | D. inferior. | | Question 8 Michael Kawamura‚ a careful maximizer of utility‚ consumes only two goods‚ peanut butter
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themselves and just keep each other in check while keeping everything balanced it would be easier to create a treaty instead of war. The alliances created increased tensions. Another main factor is the murder of Archduke Franz Ferdinand of Austria Hungary. 7. Was the description of the Balkans as the “powder keg” of Europe justified? Yes‚ the Balkans was overlapping many groups that were trying to unite the Slavs and take ore more and more territory. That caused major conflict in Europe. Powder Keg refers
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CHAPTER 7 – CRIMINAL LAW 7.1 Introduction The term criminal law‚ sometimes called penal law‚ refers to various rules whose common characteristic is the imposition of punishment if one fails to comply with the rules. In criminal law‚ a crime is considered as a wrong against the State. A crime may be defined as an unlawful act or an omission which is unacceptable that causes public condemnation in a form of sanction. Therefore‚ a crime is a wrong which affects the public welfare‚ a wrong for which
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Articles Five Benefits of a Flat Type Organizational Structure The Advantages of Flat Organizational Structure Tall Vs. Flat Organizational Structure Challenges of Flat Organizational Structure The Difference Between Tall & Flat Organizational Structure Bureaucratic Vs. Flat Organizational Structure “Market leaders win by building an adaptive‚ innovation-friendly organization‚ establishing an inspiring culture and empowering employees‚” according to Learn Management 2. Flat organizations meet many
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to live in a flat or in a house ? Comparing living in a flat or a house is difficult. Someone says that living in a house is better than in a flat and someone the opposite. An I think that living in house is much better than living in flat. Fistly‚ I would like to speak about living in a flat. Speaking about positives aspects about living in a flat I should say that people who‘s doesn’t like working in garden or just being quiet and alone there really should choose to live in a flat as you don’t
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1. House or Flat? Pros and Cons A house or a flat is for everybody not just a place where you sleep‚ eat or relax‚ but it is a place‚ which we all call „ home“. Well‚ as the saying goes‚ „ As a good roof shelters us from winter´s storms‚ a good home shelters us from life´s storms“‚ home is a place where you can find‚ on the one hand‚ help‚ understanding and embrace of your family through the tough times in your life and on the other hand‚ joy‚ love and happiness while experiencing all the family
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