What is addenda? Explain the components of addenda
The addenda to a report may include materials used in the research that are not appropriate to be included in the report itself. The three basic addenda parts are the references, appendixes, and index. Addenda parts continue with the same page numbering system used in the body of the report.
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Which of the following procedures would the auditor perform in testing the completeness assertion for accounts payable?
a. Examine a sample of cash disbursements made after year end to determine whether the disbursements were for goods applicable to the previous year. b. Reconcile vendor's statements with the accounts receivable trial balance. c. Examine production equipment for useful lives. d. Gather purchase orders immediately previous to and subsequent to year-end.
A corporation uses the Indirect Statement of Cash Flows. A fixed asset has been sold for $25,000 representing a gain of $3,750. The value in the Operations section regarding this event would be:
A) $25,000 B) ($3,750) C) $28,750 D) $3,750
List the steps in the deductive outline used for good- and routine-news messages. Explain why the deductive outline is recommended for these messages
Put-call parity can be used to show
A. that the value of a call option is always twice that of a put, given equal exercise prices and equal expiration dates. B. how valuable in-the-money put options can get. C. the precise relationship between put and call option prices, given equal exercise prices and equal expiration dates. D. how valuable in-the-money call options can get.