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NEW QUESTION: 1
If the business environment is experiencing a recession, the auditor most likely would focus increased
attention on which of the following accounts?
A. Purchase returns and allowances.
B. Noncontrolling interest of a subsidiary purchased during the year.
C. Common stock.
D. Allowance for doubtful accounts.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. During an economic downturn, it is more likely that customers will default on
payments owed. The auditor should therefore focus increased attention on the allowance for doubtful
accounts, to ensure that it has been adjusted to appropriately reflect this increased risk.
Choice "A" is incorrect. A recession is not likely to affect purchase returns and allowances, though it might
result in a decline in purchases.
Choice "C" is incorrect. A recession is not likely to directly affect the common stock account.
Choice "D" is incorrect. A recession is not likely to directly affect a pre-existing, noncontrolling interest in a
subsidiary.

NEW QUESTION: 2
During a recent incident, sensitive data was disclosed and subsequently destroyed through a properly secured, cloud-based storage platform. An incident response technician is working with management to develop an after action report that conveys critical metrics regarding the incident.
Which of the following would be MOST important to senior leadership to determine the impact of the breach?
A. The legal or regulatory exposure that exists due to the breach
B. The amount of downtime required to restore the data
C. The number of records compromised
D. The likely per-record cost of the breach to the organization
Answer: A

NEW QUESTION: 3
The following sentence contains an incomplete statement with two missing words. Select the answer choice that contains the words that correctly fill the two blanks, respectively. The philosophy of consumer choice involves having consumers play a(n) ______
A. Decreased ... Increased
B. Increased ... Increased
C. Increased ... Decreased
D. Decreased ... Decreased
Answer: B

NEW QUESTION: 4
Identify four ways to assign default Salary Components such as Salary Plans, Grades, and Steps to a worker. (Choose four.)
A. associate the Salary Plan with a Position on the Position Description page
B. associate the Salary Plan with a Location on the Location Profile page
C. associate the Salary Plan with Org Defaults by Permission List
D. associate the Salary Plan with a Job Code on the Job Code Default Compensation page
E. associate the Salary Plan with a Labour Agreement on the Salary Plan Grade page
Answer: A,B,D,E