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Revolutionized Research Writing

Category: Accounting

For each of the sampling results 1 through 6, recommend the appropriate response(s) from the options listed below. Explain the reason for your decision.

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Assume you performed sampling for an accounts receivable population with a recorded population amount of $2,000,000. Tolerable misstatement is  set at $100,000 for the test, and there are no individually significant accounts greater than M$100,000. Several different sampling results for this population are presented below; the upper bound is the projected misstatement plus an allowance […]

Examine initials indicating that the controller balances the accounts payable master file to the general ledger monthly.

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Ward Publishing Company — Part I (See p. 648 for Part II, and Case 19-28 on p. 673 for Part III) Tests of Controls and Substantive Tests of Transactions Audit Procedures for Acquisitions and Cash Disbursements 1. Foot and cross-foot the acquisitions and cash disbursements journals for two months and trace totals to postings in […]

Examine supporting documents for cash disbursements after year end to determine whether they should be included in the year-end list of accounts payable.

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The following are various audit procedures performed in the audit of the acquisition and payment cycle and accounts payable: 1. Foot the acquisitions journal for the month of August and trace postings to general ledger and accounts payable master file. 2. Determine that the amount of purchases from major customers is properly disclosed in the […]

Explain the relationship between tests of the acquisition and payment cycle and tests of accounts payable. Give specific examples of how these two types of tests affect each other.

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AUDIT OF THE ACQUISITION AND PAYMENT CYCLE 1. Explain the relationship between tests of the acquisition and payment cycle and tests of accounts payable. Give specific examples of how these two types of tests affect each other. 2. In testing the cutoff of accounts payable at the balance sheet date, explain why it is important […]

What are the most significant balance sheet and income statement accounts related to the acquisition and payment cycle?

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1. What are the most significant balance sheet and income statement accounts related to the acquisition and payment cycle? 2. What is meant by a voucher? Explain how its use can improve an organization’s internal controls. 3. Explain why most auditors consider the receipt of goods and services the most important point in the acquisition […]

Evaluate the ethos of the argument . It may take multiple paragraphs to discuss ethos and 2) analyze the pathos of the essay  For a good discussion of ethos and pathos, please refer to the reading discuss in class, titled “Moving your Audience: Ethos, Pathos and Kairos.”

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Evaluating Ethos and Pathos For this paper you will need to carefully examine an argument and assess the effectiveness of its use of ethos and pathos. APPROACH: An effective argumentative essay has a clear point. However, it will also seek to establish grounds for credibility and to appeal to the emotions and values of the […]

Calculate the upper misstatement bound on the basis of the client misstatements in the sample.

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In the audit of Price Seed Company for the year ended September 30, the auditor set a tolerable misstatement of $50,000 at an ARIA of 10 percent. A PPS sample of 100 was selected from an accounts receivable population that had a recorded balance of $1,975,000. The following table shows the differences uncovered in the […]

In a probability-proportional-to-size sample with a sampling interval of $3,000, which of the following is true?

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The following questions relate to nonstatistical and monetary unit sampling. Choose the best response. a. A number of factors influence the sample size for a substantive test of details of an account balance. All other factors being equal, which of the following would lead to a larger sample size? (1) Greater reliance on internal control […]

Define the sampling interval when using MUS sampling. How is it calculated?

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APPLICATION OF THE AUDIT PROCESS TO THE SALES AND COLLECTION CYCLE 1. Define the sampling interval when using MUS sampling. How is it calculated?2. Assume that the auditor tested an account receivable with a balance of $3,000 anddetermined that the audited value was $2,700. That is, the auditor determined thereceivable was overstated by $300. What […]

Describe, in general terms, the audit procedures you would follow in making sure that cutoff for sales is accurate at the balance sheet date.

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Makoto Auto Parts sells new parts for foreign automobiles to auto dealers. Company policy requires that a prenumbered shipping document be issued for each sale. At the time of pickup or shipment, the shipping clerk records the date on the shipping document. The last shipment made in the fiscal year ended August 31, 2019, was […]

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