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NEW QUESTION: 1
Which item lists the steps of the error resolution process?
A. Examine the communication process; identify the possible points of failure; develop a plan of action; test your solution; record your solution.
B. Identify the possible points of failure; develop a plan of action; test your solution; inventory affected devices; record your solution.
C. Examine the communication process; identify the possible points of failure; test a solution.
D. Identify the possible points of failure; record your thoughts; develop a plan of action; test your solution.
Answer: A
NEW QUESTION: 2
When performing an engagement to review a nonissuer's financial statements, an accountant most likely
would:
A. Restrict the use of the accountant's report.
B. Confirm a sample of significant accounts receivable balances.
C. Ask about actions taken at board of directors' meetings.
D. Obtain an understanding of internal control.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. As part of the inquiries made during a review engagement, an accountant would ask
about actions taken at board of directors' meetings that affect the financial statements.
Choice "A" is incorrect. Certain procedures, such as confirmation of receivables and observation of
inventory, are customarily performed in an audit but not in compilation or review engagements.
Choice "C" is incorrect. A review engagement does not include obtaining an understanding of the client's
internal control.
Choice "D" is incorrect. The accountant would not normally restrict the use of the review report.
NEW QUESTION: 3
The measures of the length, width, and height of a rectangular prism are in the ratio 2:6:5. If the volume of
the prism is 1,620 mm3, what is the width of the prism?
A. 3 mm
B. 9 mm
C. 27 mm
D. 6 mm
E. 18 mm
Answer: E
Explanation:
Explanation/Reference:
The volume of a prism is equal tolwh, where is the length of the prism, w is the width of the prism, and is
the height of the prism:
The length of the prism is2(3) = 6 mm, the width of the prism is6(3) = 18mm, and the height of the prism
is5(3)=15mm.
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