Video content will be identified as _________ type
A. GIF B. MPEG
C. BMP D. JPEG
B
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An auditor selects a sample of items recorded and traces them back to the supporting documentation. This is an example of which of the following?
a. Directional testing for existence. b. Directional testing for completeness. c. Direct testing for valuation. d. Direct testing for rights.
If there were unusual or unexpected relationships, the planned audit procedures (tests of controls, substantive procedures) would be adjusted to address the potential material misstatements
a. True b. False Indicate whether the statement is true or false
Cottage Co. deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on December 31, its Cash account shows a debit balance of $36,606. The company's bank statement as of December 31 shows an ending cash balance of $31,842. The following information was also available.Outstanding checks as of December 31 total $4,522. Included with the bank statement was a debit memo in the amount of $70 for bank service charges. Check No. 2519, listed with the canceled checks, was correctly drawn for $805 in payment of a utility bill on December 16. The company mistakenly recorded it with a debit to Utilities Expense and a credit to Cash in the amount of $895. The December 31 cash receipts of $6,850 were placed in the bank's night
depository after banking hours and were not recorded on the December 31 bank statement. The bank deducted $2,456 for an NSF check from a customer deposited on December 10. Required:Prepare the journal entries for the items that would appear on the company's bank reconciliation as of December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) What will be an ideal response?
Which of the following sentences is punctuated correctly?
a. The following three factors influenced our decision; an expanded market, a source of raw materials, and a source of labor. b. The following three factors influenced our decision: an expanded market, a source of raw materials, and a source of labor. c. The following three factors influenced our decision. An expanded market, a source of raw materials and a source of labor. d. The following three factors, influenced our decision: an expanded market, a source of raw materials and a source of labor.