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Author Question: The updating of accounts is called the adjusting process. a. True b. False Indicate whether ... (Read 16 times)

dollx

  • Hero Member
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  • Posts: 558
on: Jul 5, 2018
The updating of accounts is called the adjusting process.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

A material weakness in internal control is a significant deficiency, or combination of significant deficiencies, that results
 
  A. From a material misstatement in the financial statements.
  B. In more than a remote likelihood that a material misstatement of the financial statements will not be prevented or detected.
  C. In a material misstatement of the financial statements.
  D. In a government having a qualified audit opinion on their financial statements.


sabina576

  • Sr. Member
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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

B


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