ACCT 400 Final Exam Answers

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A. True B. False Question 38 of 50 1.0/ 1.0 Points The seller will not hear from a customer when a cash payment the customer made is not posted to the customer’s account balance. A. True B. False Question 39 of 50 1.0/ 1.0 Points Deciding that internal controls are not effective when they in fact they are is an example of assessing control risk too low. A. True B. False
Question 40 of 50 1.0/ 1.0 Points Computers are the primary resources used on an audit. A. True B. False Question 41 of 50 0.0/ 1.0 Points CPAs who perform financial statement audits of public companies are responsible for the accuracy of the client’s financial statements. A. True B. False Question 42 of 50 1.0/ 1.0 Points Audit steps for the revenue cycle are anchored in the overall audit plan.
Page 1 and 2: ACCT 400 Final Exam Answers Follow
Page 3 and 4: Question 5 of 50 0.0/ 1.0 Points Al
Page 5 and 6: Question 10 of 50 0.0/ 1.0 Points I
Page 7 and 8: Question 15 of 50 1.0/ 1.0 Points A
Page 9 and 10: Question 20 of 50 1.0/ 1.0 Points P
Page 11 and 12: Question 25 of 50 1.0/ 1.0 Points M
Page 13 and 14: Question 30 of 50 1.0/ 1.0 Points T
Page 15: Question 35 of 50 1.0/ 1.0 Points A
Page 19 and 20: Question 45 of 50 0.0/ 1.0 Points C
Page 21: Question 50 of 50 1.0/ 1.0 Points G

ACCT 400 Final Exam Answers

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