Author Question: Which of the following does not affect the Excess of Revenues over Expenditures? a. Purchase of ... (Read 76 times)

saraeharris · **on:** Jul 5, 2018

Which of the following does not affect the Excess of Revenues over Expenditures?

a. Purchase of capital assets
b. Incurring and paying salaries
c. Property taxes levied and collected in the year
d. Transfers from Enterprise Funds

Question 2

The Sarbanes-Oxley Act of 2002 dramatically changed the daily work of financial accountants and auditors because it
a. expanded the scope of the audit beyond financial information
b. required that organizations work with their auditors to design systems of internal control
c. required that external auditors report on the effectiveness of an organizations system of internal control
d. expanded the opportunities for auditors to engage in consulting activities with their audit clients