Entries by mary WAMBUGU

Discuss what the term audit evidence means and explain the need for audit evidence. Explain what sufficiency means in terms of audit evidence.

September 6, 2019 in /by

1. Discuss what the term audit evidence means and explain the need for audit evidence. Explain what sufficiency means in terms of audit evidence. Explain what appropriateness including relevance and reliability mean in terms of audit evidence.   2. What does trust but verify mean in regard to audit evidence? Explain how audit evidence is verified. Discuss audit evidence gathering procedures. 3. What […]

 

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A stock listing contains the following information: P/E 17.5, closing price 33.10, dividend .80, YTD% change 3.4, and net change of -.50. Which of the following statements are correct given this information?

September 6, 2019 in /by

A stock listing contains the following information: P/E 17.5, closing price 33.10, dividend .80, YTD% change 3.4, and net change of -.50. Which of the following statements are correct given this information? I. The stock price has increased by 3.4% during the current year. II. The closing price on the previous trading day was $32.60. […]

 

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Baick Systems manufactures rugged handheld computers for use in adverseBaick Systems tries to maintain inventory at 40% of the following month’s eBaick began the year with 8,000 units in stock, based on the following unit s

September 6, 2019 in /by

Baick Systems manufactures rugged handheld computers for use in adverse working environments.   Baick Systems tries to maintain inventory at 40% of the following month’s expected unit sales.  prepared by the sales manager: Baick began the year with 8,000 units in stock, based on the following unit sales projections prepared by the sales manager: January         […]

 

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