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NEW QUESTION: 1

A. Option A
B. Option D
C. Option B
D. Option C
Answer: C

NEW QUESTION: 2
An accountant's standard report on a compilation of a projection should not include a statement that:
A. There will usually be differences between the forecasted and actual results.
B. The hypothetical assumptions used in the projection are reasonable in the circumstances.
C. The compilation of a projection is limited in scope.
D. The accountant has no responsibility to update the report for future events and circumstances.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. An accountant's standard report on a compilation of a projection does not include a
statement that the hypothetical assumptions used in the projection are reasonable in the circumstances.
Choice "A" is incorrect. An accountant's standard report on a compilation of a projection does state that
there will usually be differences between the forecasted and actual results.
Choice "C" is incorrect. An accountant's standard report on a compilation of a projection does state that
the accountant has no responsibility to update the report for future events and circumstances.
Choice "D" is incorrect. An accountant's standard report on a compilation of a projection does state that
the compilation of a projection is limited in scope ("A compilation is limited to presenting in the form of a
projection information that is the representation of management and does not include evaluation of the
support for the assumptions underlying the projection.")

NEW QUESTION: 3
Choose the best description of the following line of code (assume n_tr_tran is a descendant of the system class transaction):
n_tr_tran = create n_tr_tran
A. This code will load the n_tr_tran class into the class pool, but no objects will be created in memory.
B. This code will not compile, because n_tr_tran is not a valid reference variable.
C. The n_tr_tran object will be created and a global reference variable of the same name will automatically be declared.
D. An instance of n_tr_tran will be created in memory, because no refereneces exist for it, the object will be destroyed.
Answer: C