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NEW QUESTION: 1
In auditing a client's retained earnings account, an auditor should determine whether there are any
restrictions on retained earnings that result from loans, agreements, or state law. This procedure is
designed to corroborate management's financial statement assertions with respect to:
A. Account balances.
B. Transactions and events.
C. Audit risk and materiality.
D. Presentation and disclosure.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. Restrictions on retained earnings should be shown as appropriations in the financial
statements. An auditor attempts to determine whether any such restrictions exist to verify that proper
disclosures (i.e., retained earnings appropriations) have been made.
Choices "A" and "B" are incorrect. Retained earnings appropriations restrict the company from paying
dividends in excess of the unappropriated portion of retained earnings. This relates to presentation and
disclosure, not to transactions, events, or balances.
Choice "D" is incorrect. Audit risk and materiality are not financial statement assertions.
NEW QUESTION: 2
Select the command needed to add support for virtual in-path to your Steelhead appliance so that you can use WCCP or PBR with a Steelhead appliance.
A. in-path wccp_pbr enable
B. ip virtual enable
C. in-path oop enable
D. in-path virtual enable
E. in-path inpath0_0 enable
Answer: C
NEW QUESTION: 3
You are setting up an integrated Microsoft Dynamics Marking (MDM), and Microsoft Dynamics CRM implementation scenario.
You need to synchronize opportunity status information between both systems.
Which two synchronization options are available? Each correct answer presents part of the solution.
A. Lead score information updated in MDM will be synchronized to CRM.
B. Opportunity value entered in CRM will be synchronized to MDM.
C. Opportunity closed in MDM will be synchronized to CRM.
D. Lead score information updated in CRM will be synchronized to MDM.
Answer: B,C
NEW QUESTION: 4
The backup system that stores only those files that have been changed since the last backup is known as ______.
A. Exclusive backup
B. Differential backup
C. Full backup
D. File backup
E. Filter backup
F. Incremental backup
Answer: F