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NEW QUESTION: 1
A. Option D
B. Option C
C. Option B
D. Option F
E. Option A
F. Option E
Answer: A,B
NEW QUESTION: 2
An internal auditor performs an analytical procedure to compare the gross margins of various divisional operations with those of other divisions and with the individual division's performance in previous years. The internal auditor notes a significant increase in the gross margin at one division. The internal auditor does some preliminary investigation and also notes that there were no changes in products, production methods, or divisional management during the year. The most likely cause of the increase in gross margin is
A. An overstatement of year-end inventory.
B. A decrease in the number of suppliers of the material used in manufacturing the product
C. An understatement of year-end accounts receivable.
D. An increase in the number of competitors selling similar products.
Answer: A
Explanation:
An overstatement of year-end inventory results in an increase in the gross margin sales-cost of sales). Overstating ending inventory understates cost of sales. Copper Co. had the pre-closing trial balance at December 31 shown below. Additional information: The balance of opening inventory was US $140,000.
The long-term debt pays interest at a rate of 10% per annum, payable every 12 months. The debt was issued on July 1 of the current year and originally had 5 years to maturity. The assets classified as property, plant, and equipment have a 10-year estimated useful life and were 1 year old at the start of the current year Straight-line depreciation is used.
NEW QUESTION: 3
Which of the following statements about the virtual machine deployment related parameters cannot be changed according to the template is wrong?
A. The number of CPUs in the virtual machine cannot be changed
B. The number of disks in the virtual machine cannot be changed
C. The type of virtual machine operating system cannot be changed
D. The number of network cards cannot be changed
Answer: A
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