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NEW QUESTION: 1
Which of the following statements concerning ownership of property in the form of a joint tenancy with right of survivorship is (are) correct?
1.Either real or personal property may be owned as a joint tenancy with right of survivorship.
2.Nonqualified joint tenants with right of survivorship may have unequal separate shares of the property.
A. 2 only
B. 1 only
C. Neither 1 nor 2
D. Both 1 and 2
Answer: B

NEW QUESTION: 2
Which of the following statements is a basic element of the auditor's standard report?
A. The financial statements are consistent with those of the prior period.
B. An audit includes assessing significant estimates made by management.
C. The disclosures provide reasonable assurance that the financial statements are free of material
misstatement.
D. The auditor evaluated the overall internal control.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. The auditor's standard audit report includes a statement that "An audit includes
assessing...significant estimates made by management..."
Choice "A" is incorrect. The standard audit report does not state that disclosures provide reasonable
assurance that the financial statements are free of material misstatement. The correct statement is:
"...standards require that we plan and perform the audit to obtain reasonable assurance that the financial
statements are free of material misstatement."
Choice "B" is incorrect. The standard audit report does not state that the auditor evaluated the overall
internal control. The correct statement is "An audit includes...evaluating the overall financial statement
presentation." Internal control is not mentioned in the standard audit report.
Choice "D" is incorrect. The standard audit report does not state "The financial statements are consistent
with those of the prior period." According to the second standard of reporting, consistency is implicitly
reported. Only if there is an inconsistency is an explicit statement included.

NEW QUESTION: 3
Which location within the network is preferred when using a dedicated router for Cisco IP SLA operations?
A. provider edge
B. distribution edge
C. user edge
D. access edge
Answer: A