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NEW QUESTION: 1
Analytical procedures used in planning an audit should focus on identifying which one of the followings?
A. The predictability of financial data form individual transactions
B. Material weaknesses in the internal control structure
C. Areas that may represent specific risks relevant to the audit
D. The various assertions that are embodied in the financial report
Answer: A
NEW QUESTION: 2
X and Y are substitute products. If the price of product Y increases, the immediate impact on product Xis that its:
A. Price, quantity demanded, and supplies will increase.
B. Quantity demanded will increase.
C. Quantity supplied will increase.
D. Price will increase.
Answer: B
Explanation:
By definition, if two goods are substitutes, the price of one and the demand for the other are directly related. For example, if the price of Y increases, the quantity demanded of X will increase.
NEW QUESTION: 3
A. Option D
B. Option A
C. Option C
D. Option B
Answer: D
Explanation:
Explanation
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