$(3)$ Question: $1-$Depreciation of fixed assets fulfills which underlying principle of

generally accepted accounting principles $($GAAP$)?$ A$.$ Materiality B$.$ Revenue...

$1-$Depreciation of fixed assets fulfills which underlying principle of generally accepted accounting

principles $($GAAP$)?$

A$.$ Materiality

B$.$ Revenue recognition

Matching

Continuity

$2-$Which of the following techniques would be most appropriate for

comparing the amount spent on various expenses to the total expense amount?

A$.$ Horizontal analysis

B$.$ Vertical analysis

C$.$ Reasonableness tests

D$.$ Current ratio

$3-$After developing a suspicion of fictitious sales, what step should be taken next?

A$.$ Consult with sales management about the sale's validity.

B$.$ Contact the audit committee with your concerns.

C$.$ Consult with the customer concerning the sales.

D$.$ Consult with the employee suspected of making the sale.