Question 1
The most important general ledger account included in and affecting several cycles is the
◦ cash account.
◦ inventory account.
◦ income tax expense and liability accounts.
◦ retained earnings account.
Question 2
When using the cycle approach to segmenting the audit, the reason for treating capital acquisition and repayment separately from the acquisition of goods and services is that
◦ the transactions are related to financing a company rather than to its operations.
◦ most capital acquisition and repayment cycle accounts involve few transactions, but each is often highly material and therefore should be audited extensively.
◦ Both the transactions are related to financing a company rather than to its operations and most capital acquisition and repayment cycle accounts involve few transactions, but each is often highly material and therefore should be audited extensively are correct.
◦ Neither the transactions are related to financing a company rather than to its operations nor most capital acquisition and repayment cycle accounts involve few transactions, but each is often highly material and therefore should be audited extensively is correct.
A CO2-acquisition adaptation.
Allium cells in different phases of the cell cycle
The carbon-nitrogen-oxygen cycle of The Sun
Identify each stage of the life cycle
Elongation cycle.
Which is TRUE about the alternation of generations cycle that is diagramed above?