When analyzing the results of the test data method, the auditor would spend the least amount of time reviewing
a. the test transactions
b. error reports
c. updated master files
d. output reports
A
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Using the Indirect Method For the following question(s), indicate how each transaction described would be classified on a statement of cash flows if the operating activities section is prepared under the indirect method. When using the indirect method, where is depreciation expense recorded on the statement of cash flows?
A) Operating activity B) Investing activity C) Financing activity D) Noncash investing and financing activity
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Indicate whether the statement is true or false