The auditor of the revenue cycle of ABC Company computes an estimate of ABC's allowance for doubtful accounts and compares it to the estimate provided by ABC's management. The purpose for this procedure is to substantiate which assertion?

a. Existence of receivables.
b. Cutoff of receivables.
c. Valuation of receivables.
d. Rights to receivables.


c

Business

You might also like to view...

In a “Who Are You” workshop diversity exercise, employees ______.

a. describe each other in terms of unique diversity dimensions b. describe each other in terms of dominant or subordinate groups c. describe themselves in terms of unique diversity dimensions d. focus on personality and avoid variables like race or religion

Business

A ________ is the text indicating the author of an article or other published work

A) boilerplate B) caption C) byline D) headline E) subheading

Business

The ________ authorizes the U.S. government to clean up oil spills and spills of other hazardous substances in ocean waters within 12 miles of the shore and on the continental shelf and to recover the cleanup costs from responsible parties

A) Clean Water Act B) Comprehensive Environmental Response, Compensation, and Liability Act C) Federal Water Pollution Control Act D) Marine Protection, Research, and Sanctuaries Act

Business

Which statement regarding FIPS is true?

A)FIPS are only recommendations, not law. B)FIPS originated from the Department of Justice. C)FIPS has been ineffective in shaping privacy policies. D)FIPS was established after the 9/11 terrorist attacks.

Business