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Author Question: In the context of a forensic accounting engagement, which of the following is an instrument that ... (Read 84 times)

humphriesbr@me.com

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on: Jul 6, 2018
In the context of a forensic accounting engagement, which of the following is an instrument that creates leverage in processing, understanding, and/or illustrating data?
 
  A) tool
  B) technique
  C) method
  D) process

Question 2

Graves Company bought supplies on credit, 1,800 . What are the effects on the fundamental accounting equation?
 a. Assets increase 1,800; liabilities, no effect; owner's equity increases 1,800.
  b. Assets decrease 1,800; liabilities, no effect; owner's equity decreases 1,800.
  c. Assets, no effect; liabilities, increase 1,800; owner's equity decreases 1,800.
  d. Assets increase 1,800; liabilities, increase 1,800; owner's equity, no effect.


6ana001

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Reply #1 on: Jul 6, 2018
Answer to Question 1

A
Explanation: A) A tool is described as an instrument that creates leverage in processing, understanding, and/or illustrating data.

Answer to Question 2

D


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