When an item of revenue is collected and recorded in advance, it is normally called a(n) ___________ revenue.

The principles underlying an audit conducted in accordance with GAAS as developed by the ASB and the IAASB include all of the following except

A) The auditor should maintain professional skepticism and exercise professional judgment throughout the planning and performance of the audit. B) The auditor should obtain sufficient appropriate audit evidence about whether material misstatements exist in the financial statements. C) The auditor should plan and conduct the audit to obtain assurance that the financial statements are free of any misstatement. D) The auditor should have appropriate competence and capability to perform the audit.

Describe the different types of off-price retailers. Provide examples of each type

What will be an ideal response?