The effectiveness of controls is not generally tested by:
A. Performance of analytical procedures.
B. Observation of the application of accounting policies and procedures.
C. Inquiries of appropriate client personnel.
D. Inspection of documents and reports.
Answer: A
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Fill in the blank(s) with the appropriate word(s).
Changes in the cost of goods sold can have a substantial impact on gross profit margin
Indicate whether the statement is true or false
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a. on the payment date. b. on the record date. c. on the declaration date. d. when the stock sells ex-dividend.