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NEW QUESTION: 1
Blue, CPA, has been asked to render an opinion on the application of accounting principles to a specific
transaction by an entity that is audited by another CPA. Blue may accept this engagement, but should:
A. Disclaim any opinion that the hypothetical application of accounting principles conforms with generally
accepted accounting principles.
B. Report the engagement's findings to the entity's audit committee, the continuing CPA, and
management.
C. Consult with the continuing CPA to obtain information relevant to the transaction.
D. Notify the entity that the report is for the general use of all interested parties.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. When rendering an opinion on the application of accounting principles to a specific
transaction, the reporting CPA should consult with the continuing CPA to obtain information relevant to the
transaction.
Choice "B" is incorrect. The reporting CPA has no obligation to report the engagement's findings to the
continuing CPA. Generally, the report would be addressed to the requesting party (e.g., management, the
board of directors, etc.).
Choice "C" is incorrect. There is no disclaimer in the report; however, the CPA does state that the
preparers of the financial statements are responsible for proper accounting treatment.
Choice "D" is incorrect. Use of the report is restricted to specified parties.

NEW QUESTION: 2
You are evaluating a method that calculates loan interest. The application includes the following code segment. (Line numbers are included for reference only.)

When the loanTerm value is 5 and the loanAmount value is 4500, the loanRate must be set to 6.5 percent.
You need to adjust the loanRate value to meet the requirements.
What should you do?
A. Replace line 07 with the following code segment:
loanRate = 0.065m;
B. Replace line 04 with the following code segment:
decimal loanRate = 0.065m;
C. Replace line 17 with the following code segment:
interestAmount = loanAmount * 0.065m * loanTerm;
D. Replace line 15 with the following code segment:
loanRate = 0.065m;
Answer: D
Explanation:
Explanation: Line 15 will be executed when the loanTerm value is 5.

NEW QUESTION: 3
Workers can be assigned a night shift allowance when reporting time between 08:00PM and 11:00PM.
Which two options should you perform to configure that?
A. You define a unit's x rate element in Global Payroll that the worker would be eligible for, submit the Generate Data Dictionary Time Attributes process, and manually assign one quantity of the payroll time type related to the night shift allowance on the worker's time card.
B. You define an hours x rate element in Global Payroll that the worker would be eligible for, submit the Generate Data Dictionary Time Attributes process, and define a time calculation rule to automatically generate the night shift allowance based on the night conditions.
C. You define a unit's x rate element in Global Payroll that the worker would be eligible for, submit the Generate Data Dictionary Time Attributes process, and define a time calculation rule to automatically generate the night shift allowance based on the night conditions.
D. You define a unit's x rate element in Global Payroll that the worker would be eligible for, submit the Generate Data Dictionary Time Attributes process, define a time entry field dependent on the payroll time type time attribute using the units x rate time attribute, and manually assign one quantity of the dependent time attribute on the worker's time card.
Answer: A,C