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Author Question: What is the effect on the accounting equation of writing off an uncollectible account of 75? A) ... (Read 118 times)

skymedlock

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on: Jul 5, 2018
What is the effect on the accounting equation of writing off an uncollectible account of 75?
 
  A) increase assets 75 and decrease liabilities 75
  B) decrease assets 75 and decrease liabilities 75
  C) decrease assets 75 and increase expense 75
  D) no net effect on total assets

Question 2

______________________________ provides guidance on how an organization's IT might affect any of COSO's five components of internal control. This standard guides auditors in understanding the impact of IT on internal control and assessing IT-related control risks.
 Fill in the blank(s) with correct word


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yasmin

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Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

Statement on Auditing Standards No. 94 (SAS 94)
Statement on Auditing Standards No. 94
SAS 94


skymedlock

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Reply 2 on: Jul 5, 2018
Wow, this really help

Joy Chen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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