Compare recognized revenue to related industry statistics

Assignment Help History
Reference no: EM131908424

Problem

Logan Inc. is being audited by Wilson, CPA. The auditor determines that both of the following objectives will be part of Logan's audit. Double-click on each shaded cell and select the substantive test that would most likely provide support for the objective. A substantive test may be used once, more than once, or not at all.

Substantive Tests (Answer choices):

1) Perform tests of subsequent cash receipts after the balance sheet date

2) Review and assess an aging schedule of accounts receivable

3) Compare recognized revenue to related industry statistics

4) Tour the storage facility for inventory to determine adequacy of security controls

5) Perform shipping cut-off procedures

6) Review payments to vendors subsequent to year-end.

Reference no: EM131908424

Questions Cloud

Incorporated risk management into strategic plan : Based upon your professional experience or a recent event, provide an example of how an organization successfully or unsuccessfully
Determine direct materials price and efficiency variances : Determine direct materials price and efficiency variances, are they favorable or unfavorable? Determine the total standard cost of direct materials
Essay on the challenge to the professionalism of teachers : ESSAY ON THE FOUNDATION OF TEACHING - Write an essay on the foundation concepts covered in DTL in the context of a challenge to the professionalism of teachers
Does efficiency commend enforcing the contract : Suppose that the seller is very attached to her home and wishes to sell only to someone who will maintain the property as a single family dwelling.
Compare recognized revenue to related industry statistics : Compare recognized revenue to related industry statistics. Tour the storage facility for inventory to determine adequacy of security controls.
Explain why the given phrase is appropriate : Economists describe the relationship between my neighbor and me as "bilateral monopoly." Explain why this phrase is appropriate.
What is the operating cash flow : If the tax rate is 20 percent, what is the operating cash flow (OCF)?
What is the purpose of a worksheet : What is the purpose of a worksheet? What are the steps in completing the worksheet? Which account balances move to the income statement columns

Reviews

Write a Review

History Questions & Answers

  Chinas first emperor qin unified the different

chinas first emperor qin unified the different territories and states into one empire. discuss the importance of

  Write a brief essay on how race played at the university

Please write a brief essay on how race played a part in the early 1960s at the University of Alabama. Include a brief summary of the information, why it is significant in general, and why you chose it as a focus piece.

  The bloodiest battles of the revolutionary war were fought

the bloodiest battles of the revolutionary war were fought between the loyalists and the patriots - neighbors for the

  Consideration in conducting assessment

What would be the first thing you would do, what factors would you take into consideration in conducting your assessment, and what plan of action.

  Communism

Are there any similarities with the struggles of communism in the 1950's and today? If so, what are they

  What particular philosophy of government is best liberal

what particular philosophy of government is best liberal or conservative has been an on-going debate in this country.

  Significance of the event for reconstruction

Answer in complete sentences and in your own words. Do not use quotations. Add space where needed.

  Emergence of socialism and marxism challenge liberalism

How did the emergence of socialism and Marxism challenge classical liberalism? What are principal postulates of Marxist socialism? Do they remain valid today?

  Uderstanding rural poverty in the great depressionfound

understanding rural poverty in the great depression.found in this chapter. do they tell a similar story? in what ways

  Specific to geographic themes impacting the region

Why does this designation occur, and what are the current issues specific to geographic themes impacting the region?

  The indus valley civilization was famous for

The Indus Valley Civilization was famous for

  Cold war from a western perspective

Looking at the Cold War from a Western perspective, one could rejoice in the fact that there is no more 'Evil Empire', and no more Iron Curtain. In fact, all of the threats and all of the restraints of the Cold War seem to be gone. Should the wor..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd