AUDITING+ASSURANCE 12MONTH ACCESS CARD
17th Edition
ISBN: 9780135635131
Author: ARENS
Publisher: WILEY
expand_more
expand_more
format_list_bulleted
Question
Chapter 24, Problem 23.3MCQ
To determine
Identify the exception in the follow-up procedure of the client contingencies performed by the auditor in addition to make management inquiries.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
A
1 DATE VALUE
VALUE
FORMULA
Use E6 "Problem Date" for green cells in col. E & I
C
D
E
F
G
H
VALUE
MEASURE
VALUE
FORMULA
MEASURE
1
Current Date (TODAY)
9
Current Time (NOW)
#N/A
#N/A
Cumulative full days this year
Year to date fraction (YEARFRAC)
Use E6 "Problem Date" for green cells in col. E & I
2
3
4
548
5
3835
6
40468
Problem Date
7
Year (YEAR)
8 Date Value
Fractional Date
Month (MONTH)
9
40468.25
10
40468.375
11
40468.625
12
Day (DAY)
End of month
Start of month
13
Start of next month
14
15 DATE DATA CLEANUP and MANIPULATION
First day of the year
10/8/2019
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
Month to date fraction of year
Day of the week
TIP: Use custom date format to display
as the name of the day (dddd)
Name of month
#N/A
#N/A
#N/A
#N/A
#N/A
Workdays in current month
#N/A
30 workdays (excluding weekends) from today
#N/A
Days between today and 30 workdays from now
#N/A
16
Target
$2,000
17
18 DATE
REVENUE
MONTH
DAY OF WEEK
Hit Target?
MONTH
FORMULAS for TABLE COLUMNS C through E…
Please explain the solution to this general accounting problem with accurate explanations.
hello, can u give correct answer
Chapter 24 Solutions
AUDITING+ASSURANCE 12MONTH ACCESS CARD
Ch. 24 - Prob. 1RQCh. 24 - Explain why an auditor is interested in a clients...Ch. 24 - Prob. 3RQCh. 24 - Prob. 4RQCh. 24 - Prob. 5RQCh. 24 - Prob. 6RQCh. 24 - Prob. 7RQCh. 24 - Prob. 8RQCh. 24 - What major considerations should the auditor take...Ch. 24 - Identify five audit procedures normally done as a...
Ch. 24 - Prob. 11RQCh. 24 - Prob. 12RQCh. 24 - Prob. 13RQCh. 24 - Prob. 14RQCh. 24 - Prob. 15RQCh. 24 - Prob. 16RQCh. 24 - Prob. 17RQCh. 24 - Prob. 18RQCh. 24 - Prob. 19RQCh. 24 - Prob. 20.1MCQCh. 24 - Prob. 20.2MCQCh. 24 - Prob. 20.3MCQCh. 24 - Prob. 21.1MCQCh. 24 - Prob. 21.2MCQCh. 24 - Prob. 21.3MCQCh. 24 - Prob. 22.1MCQCh. 24 - Prob. 22.2MCQCh. 24 - Prob. 22.3MCQCh. 24 - Prob. 23.1MCQCh. 24 - Prob. 23.2MCQCh. 24 - Prob. 23.3MCQCh. 24 - Prob. 24DQPCh. 24 - Prob. 25DQPCh. 24 - Prob. 26DQPCh. 24 - Prob. 28DQPCh. 24 - Prob. 29DQPCh. 24 - Prob. 32DQPCh. 24 - Prob. 33DQP
Knowledge Booster
Similar questions
- D4 ☑✓ fx 10 11 12 14 12345678901234 A B 4 Investment A 5 Investment B 6 Investment C с D E F Growth Rate (Expected) Year 0 Year 1 Formulas 12% $2,200 #N/A 1% $2,200 3% $2,200 #N/A #N/A 8 "Take each value in column C and multiply it by its adjacent growth rate in column B (which is 1 plus the percentage expected growth)." 0) H J K L M N P R ABSOLUTE CELL REFERENCES 13 Investment A Growth Rate (Expected) 12% Year 0 $2,200 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 15 Formulas #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A 16 17 "Start in column D, then move across allowing the column to change, and multiply the preceding value by its FIXED growth rate in cell $B$13 (which is 1 plus the percentage expected growth) to get the current value." 18 19 FIXED COLUMN / RELATIVE ROW CELL REFERENCES 20 21 22 Investment A 23 Investment B Growth Rate (Expected) Year 0 12% $2,200 1% $2,200 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 24…arrow_forwardI am trying to find the accurate solution to this general accounting problem with the correct explanation.arrow_forwardAnderson Company sells inventory costing $24,000 to a customer for $38,000. Because of significant uncertainties surrounding the transaction, the instalment sales method is viewed as proper. In the first year, the company collects $15,200. In the second year, the company collects another $14,500. What amount of profit should the company recognize in the second year?arrow_forward
- Which of the following is an example of an intangible asset? A) InventoryB) BuildingsC) CopyrightD) Machineryarrow_forwardI need the correct answer to this general accounting problem using the standard accounting approach.arrow_forwardWhat is the first step in the accounting cycle? A) Preparing a trial balanceB) Posting to the ledgerC) Analyzing transactionsD) Preparing financial statementsarrow_forward
- I need help with this general accounting question using the proper accounting approach.arrow_forwardEricsson Company has a predetermined overhead rate of 152% of direct labor cost. Estimated overhead for the period was $275,000. The actual cost for direct labor was $194,000 and the actual overhead was $283,000. How much overhead was applied? How much was over-or under-applied overhead?arrow_forwardGamma Industries, which applies manufacturing overhead on the basis of machine hours, has provided the following data for its most recent year of operations: Item Amount Estimated Manufacturing Overhead $540,000 Estimated Machine Hours 18,000 Actual Manufacturing Overhead $562,500 19,500 Actual Machine Hours The estimates for manufacturing overhead and machine hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. Calculate the overhead rate for the year.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q...AccountingISBN:9781305080577Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:South-Western College Pub
Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q...
Accounting
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:South-Western College Pub