Exam (elaborations)
CAS1501 Assignment 2 2024
- Course
- Institution
CAS1501 Assignment 2 2024
[Show more]
Seller
Follow
MiMemo
Reviews received
Content preview
1. CAS1501-24-S1-81T2. Welcome message
3. Assessment 2 - 724171
QUIZ
Assessment 2 - 724171
Open course index
Open block drawer
Started on Tuesday, 9 April 2024, 3:11 AM
State Finished
Completed on Tuesday, 9 April 2024, 4:21 AM
Time taken 1 hour 10 mins
Marks 42.00/50.00
Grade 84.00 out of 100.00
Question 1
Complete
Mark 0.00 out of 1.00
Flag question
Question text
The external auditor reports whether the audited financial statements are ____.
a.
Reasonable
b.
Complete
c.
Accurate
d.
Valid
e.
Timely
Question 2
Complete
Mark 1.00 out of 1.00
Flag question
Question text
Annual financial statements are an agency cost which addresses ____.
a.
Data about the economic activity of the entity and owners
, b.
Profits and losses of the entity and owners
c.
Statements of financial performance and financial position to the owners
d.
Information asymmetry between management and owners
e.
Accounting policies and capital reported by management to owners
◄ Previous page
Question 3
Complete
Mark 1.00 out of 1.00
Flag question
Question text
A moral obligation can be described as _____.
a.
Legal protection when innocent
b.
Willingness to support political allies
c.
Rights to charge fair prices
d.
Rules to make maximum profits
e.
An unwritten rule aimed at doing good to society
◄ Previous page
Question 4
Complete
Mark 0.00 out of 1.00
Flag question
Question text
Control activities do not include ____.
a.
Independent checks by a second person
b.
Locking gates
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MiMemo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.84. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
64438 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now