Fall 2011 - term test #2.doc - solutions(2)

2 marks c 5 marks 5 marks d 5 marks reasonable

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Unformatted text preview: o adjustment was made until the credit was received. Overstated $7,000 Overstated $7,000 Overstated $7,000 Part E (25 marks) A. (8 marks) MARKS B. (2 marks) C. (5 Marks) (5 Marks) d) (5 marks) • • • reasonable conclusion at least two relevant ratios (including current ratio) used the figures from your analysis Part F (4 marks) (i) Violation of relevance (timely) (1 mark) (ii) Violation of consistency (qualitative characteristic) (1 mark) (iii) Following materiality (1 mark) (iv) Following...
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