Multiple Choice Questions From CPA Examinations 7-29 a. (2) b. (1) c. (4) d. (1) 7-30 a. (3) b. (3) c. (4) 7-32 1. (5) inquiry of client 2. (7) observation 3. (1) physical examination 4. (2) confirmation 5. (6) reperformance 6. (2) confirmation 7. (3) documentation 8. (4) analytical procedures 9. (5) inquiry of client 10. (6) reperformance 11. (7) observation 12. (1) physical examination 13. (4) analytical procedures 14. (3) documentation 15. (5) inquiry of client 16. (4)
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CHAPTER 7 Revenue and Collection Cycle LEARNING OBJECTIVES Review Checkpoints Exercises‚ Problems‚ and Simulations 1. Discuss inherent risks related to the revenue and collection cycle with a focus on improper revenue recognition. 1‚ 2‚ 3 59 2. Describe the revenue and collection cycle‚ including typical source documents and controls. 4‚ 5‚ 6‚ 7‚ 8 54‚ 55‚ 61‚ 63‚ 64‚ 66 3. Give examples of tests of controls over customer credit approval‚ delivery‚ and
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were the mariners that were involved in the India Ocean Trade? a multilingual and multiethnic group 6. The Indian Ocean Maritime System forged economic and social tied between what countries? East Africa‚ Arabia‚ India‚ China‚ and Southeast Asia 7. The Indian Ocean Maritime System was better prepared for long- distance travel than the Greeks- why? What was one major difference between Indian and Mediterranean seafaring was what? they could take advantage of monsoon winds‚ Mediterranean
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the nation’s cabbage crop (and thus reduces supply)‚ how will that affect total expenditures on cabbage‚ all other things equal? (Hint: Consider the change in cabbage prices.) Choose one answer. | B. Total expenditures will rise. | | Question 7 If an increase in income leads to a decrease in the demand for a good‚ then the good is said to be: Choose one answer. | D. inferior. | | Question 8 Michael Kawamura‚ a careful maximizer of utility‚ consumes only two goods‚ peanut butter
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CHAPTER 7 – CRIMINAL LAW 7.1 Introduction The term criminal law‚ sometimes called penal law‚ refers to various rules whose common characteristic is the imposition of punishment if one fails to comply with the rules. In criminal law‚ a crime is considered as a wrong against the State. A crime may be defined as an unlawful act or an omission which is unacceptable that causes public condemnation in a form of sanction. Therefore‚ a crime is a wrong which affects the public welfare‚ a wrong for which
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Discussion Questions 1-7 pg. 284 1. Discuss why many information technology professionals may overlook project cost management and how this might affect completing projects within budget. Information technology projects have a poor track record in meeting budget goals. There is an average cost overrun for unsuccessful IT projects ranging from 180 to 56%. There is room for improvement in meeting cost goals for IT projects. 2. Explain some of the basic principles of cost management‚ such as
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Refer to the exhibit. Traffic exiting R1 is failing translation. What part of the configuration is most likely incorrect? ip nat pool statement access-list statement ip nat inside is on the wrong interface interface s0/0/2 should be a private IP address Refer to the exhibit. What is the purpose of the command marked with an arrow shown in the partial configuration output of a Cisco broadband router? defines which addresses can be translated defines which addresses are allowed into the router
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Stratification can best be defined as _____. Select one: a. divisions created between groups of people in a society based on the social prestige accorded by a person’s occupation‚ lifestyle‚ or membership in certain organizations b. the unequal distribution of wealth that results from private ownership and people’s tendency to preserve surplus wealth rather than share it with others c. systematic inequalities between groups of people that arise as intended or unintended consequences of social
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Mercantilism – colony exists to benefit mother country; Brit gave naval protection Indirect tax – you don’t know you’re taxed Colonies haphazardly placed Prime Minister George Grenville enforced Nav Laws: 1. Imperial trade done on Brit ships w/ ¾ crew British; 2. Only certain goods exported to foreign countries unless they go through Britain; 3. Economic diversification; 4. Colonies a protected market for low price consumer goods Sugar Act- raise tax on molasses; Woolen Act- banned export of
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Exercise One After a quick read of the passage from 3.540-587‚ one may assume that Satan is only concerned with viewing the beauty of the newly created earth. However‚ after a closer analysis and look into the language actually used in the passage‚ it is revealed that the sun is a more prominent figure in the passage than the earth. Therefore‚ Milton use of words and images throughout this passage convey the message of the stark contrast between the good the sun does for the earth and the earth’s
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