EP AUDITING+ASSURANCE...-MYACCT.LAB
16th Edition
ISBN: 9780134148656
Author: ARENS
Publisher: PEARSON CO
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Chapter 23, Problem 15.3MCQ
To determine
Identify the cash transfers that result in a misstatement of cash at December 31, 2016.
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Chapter 23 Solutions
EP AUDITING+ASSURANCE...-MYACCT.LAB
Ch. 23 - Explain the relationships among the initial...Ch. 23 - Prob. 2RQCh. 23 - Prob. 3RQCh. 23 - Prob. 4RQCh. 23 - Prob. 5RQCh. 23 - Prob. 6RQCh. 23 - Prob. 7RQCh. 23 - Prob. 8RQCh. 23 - Prob. 9RQCh. 23 - Prob. 10RQ
Ch. 23 - Prob. 11RQCh. 23 - Prob. 12RQCh. 23 - Prob. 13RQCh. 23 - Prob. 14.1MCQCh. 23 - Prob. 14.2MCQCh. 23 - Prob. 14.3MCQCh. 23 - Prob. 15.1MCQCh. 23 - Prob. 15.2MCQCh. 23 - Prob. 15.3MCQCh. 23 - Prob. 16.1MCQCh. 23 - Prob. 16.2MCQCh. 23 - Prob. 16.3MCQCh. 23 - Prob. 17DQPCh. 23 - Prob. 18DQPCh. 23 - Prob. 19DQPCh. 23 - Prob. 20DQPCh. 23 - Prob. 21DQPCh. 23 - You are doing the first-year audit of Sherman...Ch. 23 - Prob. 23DQPCh. 23 - McNeil Company, a medium-sized manufacturer of...Ch. 23 - The amount of subjectivity involved in...
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- H7. What specific information would you need to begin a cash receipts forecast? Identify three items that would be helpful. Please explain with detailsarrow_forward28.Which of the following would NOT be classified as cash? a. Company's post-dated checks b. Customer's checks drawn against insufficient funds c. Manager's checks d. Traveler's checksarrow_forwardWhich of the following should be considered cash equivalents? Post-dated checks Money market with checking account privileges Certificates of deposit Legally restricted compensating balancesarrow_forward
- 46. Which of the following results to the recognition of expense Granting of cash advances for travel Refund of excess cash advances Liquidation of cash advances for travel Remittance of the refund for excess cash advance to the BTrarrow_forwardHow are the cash proceeds determined when a note receivable is transferred?arrow_forward7. Which of the following should not be considered cash for financial reporting purposes? a. Petty cash funds and change funds b. Money orders, certified checks and personal checks c. Coin, currency and available funds d. Post-dated checks and IOUsarrow_forward
- Which item is not considered cash and cash equivalents on the balance sheet? a. Unrestricted funds on deposit with the bank b. money market funds c. postdated checks d. bank draftsarrow_forwardDiscuss how Unpresented Cheque and Uncredited Cheque contributes to the disagreement between cash and bank balance?arrow_forwardIdentify transaction NOT belonging to Cash Equivalents O a. Bank Balance O b. Bank Overdraft O c. Short-term deposits in bank Od. Interest paidarrow_forward
- H6. Question 15 During an audit, you are selecting a sample of transactions from the vouchers payable register at the end of the period and tracing them to underlying documents. By doing this, you are gathering evidence primarily to support that: Incurred obligations were recorded in the correct period Recorded obligations were paid Recorded obligations occurred prior to year-end 1 pts Cash disbursements were recorded as incurred obligation Please show all step by step calculationarrow_forwardTh e assumption that the eff ects of transactions and other events are recognized when they occur, not when the cash fl ows occur, is called: A . relevance.arrow_forwardWhich of the following items should not be included in the Cash? O A. O B. Petty cash and change funds Money orders Cash restricted for retirement of long-term debt C. O D. Saving accountsarrow_forward
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