Quiz Ch11 - View Attempt 1 of 1 Title: M11 Started: March...

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Unformatted text preview: View Attempt 1 of 1 Title: M11 Started: March 2, 2009 8:28 PM Submitted: March 2, 2009 9:02 PM Time spent: 00:33:44 Total score: 5/10 = 50% Total score adjusted by 0.0 Maximum possible score: 10 1. Which of the following control activities is not usually performed in the vouchers payable department? Student Response Value Correct Answer Feedback a. Determining the mathematical accuracy of the vendor's invoice 0% b. Having an authorized person approve the voucher 0% c. Controlling the mailing of the check and remittance advice 100% d. Matching the receiving report with the purchase order 0% Score: 1/1 2. If completeness is a concern for accounts payable, auditors will send accounts payable confirmations to Student Response Value Correct Answer Feedback a. Primarily vendors with large accounts payable balances 0% b. Primarily vendors with small accounts payable balances 100% c. All vendors 0% d. A random sample of all vendors 0% Score: 0/1 3. The audit procedures used to verify accrued liabilities differ from those employed for the verification of accounts payable because Student Response Value Correct Answer Feedback a. Accrued liabilities usually pertain to services of a continuing nature, while accounts payable are the result of completed transactions 100% b. Accrued liability balances are less...
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Quiz Ch11 - View Attempt 1 of 1 Title: M11 Started: March...

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