Brony's Bike module 8,9,10

With respect to the auditors requirements, the transfer from Bank Two to Dollar Bank-Payroll in the amount of $897,609 could cause the auditor to suspect that Bronys Bikes has:

a. A kiting scheme

b. A lapping scheme

c. Made an honest error

d. Made the transfer to meet upcoming net payroll requirements

Based on your understanding of marketable securities, the securities held by Bronys Bike as of December 31, 20X9:

a. Are clearly all blue chip securities

b. Are clearly not all blue chip securities

c. Debt securities are clearly blue chip but not the equity securities

d. Equity securities are clearly blue chip but not debt securities

With respect to the auditors requirements, the transfer from Bank Two to Dollar Bank-General in the amount of $2,000,000 requires:

a. No further action beyond the comment in WP 1.C

b. Reclassification to accounts payable

c. The removal of the transfer from the WP 1.C

d. To reverse the transfer because it is backwards