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NEW QUESTION: 1
When running Synchronize Transaction from the Data Sources page of Application Configurations, which statement is true when you have two models using invoice and payment business objects?
A. One job will run for the two objects based on transactions dated before the Transaction Created As of Date.
B. Two jobs will run for the two objects based on transactions dated after the Transaction Created As of Date.
C. One job will run for the two objects based on transactions dated after the Transaction Created As of Date.
D. One job will run for the two objects and the Transaction Created As of Date has no impact on the data.
Answer: C
NEW QUESTION: 2
Kane, CPA, concludes that there is substantial doubt about Lima Co.'s ability to continue as a going
concern for a reasonable period of time. If Lima's financial statements adequately disclose its financial
difficulties, Kane's auditor's report is required to include an explanatory paragraph that specifically uses the
phrase(s):
A. Option D
B. Option C
C. Option A
D. Option B
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. If, after considering identified conditions and events and management's plans, the
auditor concludes that substantial doubt about the entity's ability to continue as a going concern for a
reasonable period of time remains, the audit report should include an explanatory paragraph (following the
opinion paragraph) to reflect that conclusion. This conclusion should be expressed through the use of the
phrase "substantial doubt about it's (the entity's) ability to continue as a going concern" [or similar wording
that includes the terms "substantial doubt" and "going concern"]. The "reasonable period...not to exceed
one year" is inherent in the definition of going concern and is not explicitly stated in the audit report. The
phrase "possible discontinuation of operations" may be included in the going concern disclosure but is not
specifically required.
Choices "A", "B", and "C" are incorrect, as per the above Explanation.
NEW QUESTION: 3
In the command 'aaa authentication default group tacacs local', how is the word 'default' defined?
A. Command set
B. Group name
C. Login type
D. Method list
Answer: D
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