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NEW QUESTION: 1

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

NEW QUESTION: 2
An accountant's standard report on a compilation of a projection should not include a statement that:
A. The accountant has no responsibility to update the report for future events and circumstances.
B. The compilation of a projection is limited in scope.
C. The hypothetical assumptions used in the projection are reasonable in the circumstances.
D. There will usually be differences between the forecasted and actual results.
Answer: C
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. An instance of n_tr_tran will be created in memory, because no refereneces exist for it, the object will be destroyed.
C. The n_tr_tran object will be created and a global reference variable of the same name will automatically be declared.
D. This code will not compile, because n_tr_tran is not a valid reference variable.
Answer: C