Which of the following is true of the universe of data? A) ...

[bobbie]

Which of the following is true of the universe of data?
 
  A) Maintaining the proper boundaries of the data universe is an ongoing effort throughout the investigation.
  B) After selecting a sample from the universe of data, conclusions are arrived at by using deductive reasoning.
  C) In most cases, forensic accountants have access to the entire universe of relevant data.
  D) It is often defined toward the end of the investigation.

Question 2

The _______________ of a company is the resources owned by the organization at a point in time, offset by the claims against those resources and owner's equity.
 a. net income
  b. financial statement
  c. net loss
  d. financial position

[dantucker]

Answer to Question 1

A
Explanation: A) Although the universe of data must be defined early in the investigation, maintaining the proper boundaries of the data universe is an ongoing effort.

Answer to Question 2

D