The revenue, expenses, Sales Returns and Allowances, and Sales Discounts will be closed via the ________ account

As stated in the text, an international business is:

A. a business whose activities involve crossing national borders. B. the operations of a company outside its home or domestic market. C. an organization with multicountry affiliates that each formulate their own business strategy. D. an organization that attempts to standardize operations worldwide. E. all of the above.

When planning an audit, and auditor should

a. Consider whether the extent of substantive procedures may be reduced based on the results of tests of controls b. Determine overall materiality for audit purposes c. Conclude whether changes in compliance with prescribed internal controls justify reliance on them d. Evaluate detected misstatements