ake Test: Exam 2-201820.. xC 3 G ps/assessment/take/launch.jsp?course assessment

Question

ake Test: Exam 2-201820.. xC 3 G ps/assessment/take/launch.jsp?course assessment id- 127907,1&course; id- 57193 1&kcontent; jid- 20944CSearh Remaining Time: 32 minutes, 07 seconds. v Question Completion Status: QUESTION 28 To verify the value of Apple stock held by the client and classified as trading securities, auditors need to public website for the stock price at the day when auditors arrive at the client O a Check O b Check the original purchasing documents of the stock as well as the payment record from the bank OC Check public website for the stock price at the day of the audit period end Od Check the original purchasing documents of the stock QUESTION 29 Which of the following statements about auditing cash account is true? O a Banks are responsible for the ending balance of deposits if they respond to auditors' bank confirmation O b Petty cash is usually not examined because the amount is usually low O C Auditors may confirm with the bank whether there are changes in the terms of the bank loan O d Auditors usually obtain bank statements that is printed out by their client Click Save and Submit to save and submit. Click Save All Ansuwers to save all answers Save

Explanation / Answer

Hence, the answer is

c. Check public website for the stock price at the day of the end of the audit period.

2. Only d out of the given options is true. Rest all are false.

Hence, the answer is

d. Auditors usually obtain bank statements that Is printed by their client.

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