Each entry in the journal affects two or more accounts. a. True ...

[laurencescou]

Each entry in the journal affects two or more accounts.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

If the total of major federal programs was 7,000,000 for an auditee who is not low risk, the percentage of coverage rule would be met if the aggregate of major federal programs were no more than
 
  a. 7,000,000
  b. 14,000,000
  c. 21,000,000
  d. 10,000,000
  e. 28,000,000

[Leostella20]

Answer to Question 1

True

Answer to Question 2

B