Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Investing in marketable securities interfaces with the : a. investment cycle and cash balance b. revenue cycle and expenditure cycle c. production cycle and

1. Investing in marketable securities interfaces with the :

a. investment cycle and cash balance

b. revenue cycle and expenditure cycle

c. production cycle and revenue cycle

d financing cycle and revenue cycle

e. financiang cycle and expenditure cycle.

2. The inspecting and counting of securities on hand is ordinarily performed simultaneously with the auditor's :

a. observing of the inventory counting

b. inspecting of major addtions to plant assets.

c. confirming of securities held by others.

d. counting of cash.

e. recalculating of loan interest.

3. List of accounts below here were considered as major cash account, except :

a. General checking accounts.

b. Cash management accounts.

c. Impress payroll accounts.

d. Petty cash accounts.

e. Cash flow

4. The specific audit objective for the audit of investment allrecorded investments are owned by the reporting entity is :

a. existence or occurrence assertion.

b. completeness assertion

c. right and obligation

d. valuation or allocation

e. presentation or disclosure

choose the correct answer and explain it !

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Data And Analytics In Accounting An Integrated Approach

Authors: Guido Geerts, Ann C. Dzuranin, Margarita Lenk

1st Edition

1119722993, 978-1119722991

More Books

Students also viewed these Accounting questions

Question

Appreciate the advantages of arbitration

Answered: 1 week ago

Question

Is there just cause to dismiss Bonita? Explain your answer.

Answered: 1 week ago

Question

Explain the legal term assumption of risk .

Answered: 1 week ago