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ACCT460-4014/ You are auditing Rodgers and Company. After performing substantive analytical procedures you conclude that, for the accounts tested, the client's balance appears reasonable. This
ACCT460-4014/ You are auditing Rodgers and Company. After performing substantive analytical procedures you conclude that, for the accounts tested, the client's balance appears reasonable. This may indicate that O Control tests may be eliminated for those accounts. O Tests of details of balances can be eliminated for those accounts. O Control tests may be reduced for those accounts. O Tests of details of balances may be reduced.ACCT305-2003/ The journal entry to record the completion of a job in a job order cost system is: O Work-In-Process Inventoryxxx Materials Inventoryxxx O Finished Goods Inventoryxxx Work-In-Process Inventoryxxx O Materials Inventoryxxx Purchasesxxx O Cost of Goods Soldxxx Finished Goods InventoryxxxACCT460-3014/ Analytical procedures are required by professional standards in: Planning, testing, and completion. O Completion and planning but not testing. O Completion and testing but not planning. O Planning and testing but not completion.ACCT305-1004/ An example of a period cost is: O salary of a factory supervisor. O rent on a headquarters building. O fire insurance on a factory building. O direct materials.ACCT305-1002/ A company which manufactures custom-made machinery routinely incurs sizable telephone costs in the process of taking sales orders from customers. Which of the following is a proper classification of this cost? O Period cost O Prime cost Product cost Conversion cost
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