Quiz Ch15(3)

Quiz Ch15(3) - ViewAttempt1of1 Title Started Submitted...

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View Attempt 1 of 1  Title: M15 Started: March 21, 2009 10:34 PM Submitted: March 21, 2009 10:50 PM Time spent: 00:15:32  Total score: 6/10 = 60%   Total score adjusted by 0.0  Maximum possible score: 10 
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1.      Valuation and allocation is most likely an issue for long-term debt if     Student Response Value Correct Answer Feedback a.  Bonds are sold on  the open market 0%      b.  Bonds are issued at  a discount or  premium 100%      c.  The loans are from  banks 0%      d.  The company has  many short-term  leases 0%         Score: 1/1    2.      A control that ensures that long-term borrowing is properly initiated by appropriate individuals  addresses the control assertion of   e %    Score: 1/1    3.     
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In the audit of a medium-sized manufacturing concern, which one of the following areas can be  expected to require the least amount of audit time?  
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Quiz Ch15(3) - ViewAttempt1of1 Title Started Submitted...

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