Quiz Ch16 - ViewAttempt1of1 Title Started Submitted...

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View Attempt 1 of 1  Title: M16 Started: March 26, 2009 12:29 PM Submitted: March 26, 2009 12:45 PM Time spent: 00:16:12  Total score: 7/10 = 70%   Total score adjusted by 0.0  Maximum possible score: 10 
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1.      Tracing a sample of remittance advices to entries in the cash receipts journal tests which of the  following assertions for cash?     Student Response Value Correct Answer Feedback a.  Occurrence 0%      b.  Completeness 100%      c.  Authorization 0%      d.  Cutoff 0%         Score: 1/1    2.      Which of the following pairs of accounts would an auditor most likely analyze on the same  working paper?     Student Response Value Correct Answer Feedback a.  Notes receivable and  interest income 100%      b.  Accrued interest  receivable and  accrued interest  payable 0%      c.  Notes payable and  notes receivable 0%      d.  Interest income and  interest expense 0%         Score: 1/1    3.   
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  In a manufacturing company which one of the following audit procedures would give the least  assurance for the existence of the general ledger balance of investment in stocks and bonds at  the audit date?     Student Response Value Correct Answer Feedback a.  Confirmation from  the broker 0%      b.  Inspection and count  of stocks and bonds 0%      c.  Vouching all  changes during the  year to brokers' 
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