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NEW QUESTION: 1
Given the example shown below: Emergency boot media > flash disk > _____
What is missing from the default boot list?
A. LAN
B. USB
C. PCMCIA card
D. hard disk
Answer: D
NEW QUESTION: 2
The Brice Health Plan submitted to Clarity Health Services a letter of intent indicating Brice's desire to delegate its demand management function to Clarity. One true statement about this letter of intent is that it
A. most likely contains a detailed description of the functions that Brice will delegate to Clarity
B. creates a legally binding relationship between Brice and Clarity
C. prohibits Clarity from performing similar delegation activities for other health plans
D. most likely contains a confidentiality clause committing Brice and Clarity to maintain the confidentiality of documents reviewed and exchanged in the process
Answer: D
NEW QUESTION: 3
In testing for unrecorded retirements of equipment, an auditor most likely would:
A. Select items of equipment from the accounting records and then locate them during the plant tour.
B. Compare depreciation journal entries with similar prior-year entries in search of fully depreciated
equipment.
C. Scan the general journal for unusual equipment additions and excessive debits to repairs and
maintenance expense.
D. Inspect items of equipment observed during the plant tour and then trace them to the equipment
subsidiary ledger.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. Tracing (old) equipment recorded in the books to the actual equipment during a plant
tour is a control which tests for unrecorded retirements.
Choice "B" is incorrect. Determining which assets are fully depreciated does not tell you which ones are
retired, as fully depreciated assets may continue to be used.
Choice "C" is incorrect. Selecting items from the plant tour and then tracing them to the equipment
subsidiary ledger will provide evidence that all equipment is recorded. It will not detect whether recorded
equipment has been retired. (This step is backwards.)
Choice "D" is incorrect. Scanning the general journal for unusual equipment additions and excessive
debits to repairs and maintenance expense provides evidence regarding fixed asset additions, not
retirements.
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