This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is an advantage of data analysis tools? A) They deal with quantitative ... (Read 83 times)

mp14

  • Hero Member
  • *****
  • Posts: 534
Which of the following is an advantage of data analysis tools?
 
  A) They deal with quantitative data and hence have specific applicability.
  B) They force the analyst to explicitly consider constraints in the data.
  C) They allow the forensic accountant to extract the meaning of the data in a usable manner.
  D) They are easy to apply, easy to customize, and easy to understand.

Question 2

Stonehenge Company received cash on account, 2,500 . The accountant would record the following journal entry:
 a. Cash 2,500
  C. Man, Capital 2,500
   b. Income from Services 2,500
  Cash 2,500
   c. Cash 2,500
  Income from Services 2,500
   d. Cash 2,500
  Accounts Receivable 2,500



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

smrerig

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

D
Explanation: D) The value of data analysis tools stems from three key advantages:
 They are widely applicable because they deal with qualitative data that are present in almost every engagement, such as people, places, times, events, relationships, and communications.
 They are multifunctional, serving to record, summarize, analyze, organize, or illustrate information.
 They are easy to apply, easy to customize, and easy to understand. A simpler approach is often more effective than a complex approach.

Answer to Question 2

d




mp14

  • Member
  • Posts: 534
Reply 2 on: Jul 6, 2018
:D TYSM


Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

For a complete list of videos, visit our video library