In the confirmation of accounts receivable, the auditor will most likely
A. Request confirmation of a sample of the inactive account.
B. Seek to obtain positive confirmations for at least 50% of the total dollar amount of the receivables.
C. Require confirmation of all receivables from agencies of the federal government.
D. Require that confirmation requests be sent within 1 month of the fiscal year end.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In the confirmation of accounts receivable, the auditor will most likely A. Request confirmation of a sample of the inactive account. B. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Todd Williamson and Jim Miranda started their business, Broad Reach Sailing, as a way to earn a living doing something they love.
Answers (1)
When the effective interest rate method of amortization is used, the amount of interest expense for a given period is calculated by multiplying the face rate of interest by the bond's carrying value at the beginning of the given period. True/False?
Answers (1)
Which member of the restaurant and food/beverage service career is most likely to plan menus and direct workers?
Answers (2)
A local store can print 55,000 papers per hour. How many papers can they print in 5 1/4 hours?
Answers (2)
The Porter Beverage Factory owns a building for its operations. Porter uses only half of the building and is considering two options for the unused space.
Answers (1)
New Questions in Business
On March 15, Year 1, Kathleen Corp. adopted a plan to accumulate $1,000,000 by September 1, Year 5. Kathleen plans to make 4 equal annual deposits to a fund that will earn interest at 10% compounded annually.
Answers (1)
A natural monopoly's preemption of entry by other firms by exploiting its economies of scale is an example of
Answers (2)
The best way for a franchisee and franchisor to evaluate each other is Question options: for the potential franchisee to go to a sales presentation. for the potential franchisee to spend time working in a franchise location.
Answers (1)
Ronald Reagan believed that reducing income tax rates would A. raise economic well-being and perhaps even tax revenue. B. lower economic well-being, even though tax revenue could possibly increase. C. do little, if anything, to encourage hard work.
Answers (1)
Unlike niche-oriented shopping bots, broad-based shopping bots: select one: a. give pricing power to the retailers. b. search for prices for only one type of product. c. operate using a yellow pages type of model. d.
Answers (1)