External confirmation of accounts receivable balances is least likely to be effective with respect to which assertion?

A. Classification and understandability.
B. Existence
C. Rights and obligations.
D. Valuation.

Ans: A. Classification and understandability.

Business

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During the month of February, Hoffer Company had cash receipts of $7,500 and cash disbursements of $8,600. The February 28 cash balance was $1,800. What was the January 31 beginning cash balance?

a. $700. b. $1,100. c. $2,900. d. $0. e. $4,300.

Business

The balanced scorecard balances financial measures with three additional metrics:

a. customer satisfaction, employee satisfaction, green metrics b. internal process excellence customer satisfaction, employee learning and growth c. employee learning and growth, employee satisfaction, internal process excellence d. employee satisfaction, green metrics, internal process excellence e. none of the above

Business