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NEW QUESTION: 1
Answer:
Explanation:
Explanation
NEW QUESTION: 2
Wilson, CPA, obtained sufficient appropriate audit evidence to render an opinion on Abco's December 31,
X1, financial statements on March 6, X2. A subsequent event requiring adjustment to the X1 financial
statements occurred on April 10, X2, and came to Wilson's attention on April 24, X2. If the adjustment is
made without disclosure of the event, Wilson's report ordinarily should be dated:
A. April 10, X2.
B. March 6, X2.
C. April 24, X2.
D. Using dual dating.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "a" is correct. Since the financial statements were adjusted without disclosure of the event in the
footnotes, Wilson's report should be dated as of March 6, X2, the date on which sufficient appropriate audit
evidence was obtained.
Choice "b" is incorrect. An April 10, X2 report date would be used only if the event were disclosed and
Wilson wanted to extend the responsibility for all significant events through April 10, X2.
Choice "c" is incorrect. An April 24, X2 report date would be used only if the event were disclosed and
Wilson wanted to extend the responsibility for all significant events through April 24, X2.
Choice "d" is incorrect. Dual dating would only be used if the event were disclosed in the notes to the
financial statements.
NEW QUESTION: 3
Scope Item Level for Financial Accounting
How can you post accruals in SAP S/4HANA Cloud? 3 answers
A. Use the Microsoft Excel upload
B. Enter them manually
C. Use document parking
D. Use the accrual engine
E. Post a recurring entry
Answer: B,D,E