Which of the following is least likely to require significant auditor judgment about the dollar amount to be disclosed in the financial statement?
a. Contingent liability related to pending litigation.
b. Assumptions made in preparation of the estimate of income tax expense for the year.
c. The value of inventory.
d. Cash on hand at the end of the year.
d
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Patricia is the owner of a floral shop. A successful global candle company approached her about selling its products in her shop. Patricia knows this product and company can help her exceed her existing goals. Selling candles is a(n) _____ for Patricia.
A. problem B. opportunity C. synergy D. ethical dilemma E. diagnosis
A message is more likely to be effective when it has both visual and verbal elements, because these components will be dual-coded into the person's memory
Indicate whether the statement is true or false
The consultant recommended that the website ____ totally redesigned
A) is B) be C) was
Elmore purchases goods from Grady, and Elmore executes and delivers a negotiable note to Grady for $1,200, payable to Grady's order in 30 days. Two weeks later, Grady negotiates the note to McDaniel. Which of the following is true?
a. McDaniel is required to notify Elmore that he acquired the note. b. If the goods are defective, Elmore's defense will necessarily be available against McDaniel. c. Whether Elmore's defense is available against McDaniel will depend on whether McDaniel acquired the note in good faith and for value, had no knowledge of the defense, and took the note without reason to question its authenticity. d. McDaniel can acquire no greater rights than Grady had in the note.