The use of alternative accounting methods
a. is not a problem in ratio analysis because the footnotes disclose the method used.
b. may be a problem in ratio analysis even if disclosed.
c. is not a problem in ratio analysis since eventually all methods will lead to the same end.
d. is only a problem in ratio analysis with respect to inventory.
b. may be a problem in ratio analysis even if disclosed.
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Which of the following statements is true of external auditing?
a. Major focus areas are processes, including risks, controls, and effectiveness and efficiency of processes. b. External auditors perform both assurance and consulting services for public companies. c. Primary scope of services performed includes audits of financial statements. d. The primary client for a public company is upper management.
A hierarchical hyperlink structure resembles conventional paper documents in that the reader begins on the first page and clicks the Next button to move to the next page in a serial fashion
a. True b. False Indicate whether the statement is true or false