When using confirmations with outside parties, the auditor must assure which of the following about the outside party?
a. The outside party exists.
b. The outside party is able to respond objectively and independently.
c. The outside party is unbiased in responding.
d. All the above.
d
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Back Company sold merchandise on credit. Its gross profit ratio is 23%. The effect of this transaction is that the
a. earnings per share decreased b. current ratio was unchanged c. debt-to-equity ratio increased d. earnings per share increased
Line Corporation's balance sheet showed the following amounts for their liability and stockholders' equity accounts: Current Liabilities, $5,000; Bonds Payable, $1,500; Lease Obligations, $2,000; and Deferred Income Taxes, $300 . Total stockholders' equity was $6,000 . The debt-to-equity ratio is
a. 0.63 b. 0.83 c. 1.42 d. 1.47
The ___________________________________ of interest expense on net income equals one minus the marginal tax rate times interest expense
Fill in the blank(s) with correct word
Is they're anyone in the office whom has traveled to alaska
What will be an ideal response?