The evidence collection method that examines all supporting documents to determine the validity of a transaction is called

A) review of documentation.
B) vouching.
C) physical examination.
D) analytical review.

Answer: B

Business

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Which of the following is correct for two companies that want to file a consolidated tax return as an affiliated group?

A) one co must hold at least 51% of the other company's voting stock B) One company must hold at least 65% of the other company's voting stock C) One company must hold at least 80% of the other company's voting stock D) They cannot file one unless one company owns 100% of the other's voting stock

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Sharing of POS data helps reduce the bullwhip effect because it allows each stage of the supply chain to use orders from the previous stage to forecast future demand

Indicate whether the statement is true or false.

Business