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NEW QUESTION: 1
Which of the following is not true regarding an engagement to provide a written report on the application of
accounting principles?
A. The accountant's written report on the application of accounting principles should include an
identification of the specific entity involved.
B. An accountant is prohibited from providing a report on the application of accounting principles to a
transaction not involving the facts and circumstances of a specific entity.
C. The accountant's written report on the application of accounting principles should include a paragraph
restricting the use of the report.
D. An accountant is prohibited from providing a report on the application of accounting principles to a
proposed future transaction involving the facts and circumstances of a specific entity.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. An accountant may report on the application of accounting principles to a proposed
future transaction as long as the transaction involves the facts and circumstances of a specific entity.
Choice "A" is incorrect. An accountant is prohibited from providing a report on the application of accounting
principles to "hypothetical transactions," which are defined as those not involving the facts and
circumstances of a specific entity.
Choices "B" and "D" are incorrect. The accountant's written report on the application of accounting
principles should include an identification of the specific entity involved, a description of the transaction(s),
a statement of the relevant facts, circumstances, and assumptions (and a statement that any changes
therein may change the report), a statement about the source of the information, a statement describing
the appropriate accounting principles or type of opinion that may be rendered, the reasons for the
accountant's conclusions, a statement regarding management's responsibility, and a restrictive use
paragraph.

NEW QUESTION: 2
Can planners plan the same characteristic value combinations (CVCs) if the liveCache lock is activated?
A. Planners can only plan the same CVC if they plan on different planning areas.
B. Planners can plan the same CVC in the same planning area with same data views.
C. Planners can plan the same CVC in the same planning area with different data views.
D. Planners can plan CVCs on different levels in the same data view.
Answer: C

NEW QUESTION: 3
XYZ Corporation is headquartered in Dubai with a branch in Kuwait. Dubai uses a weekly calendar and Kuwait uses a monthly calendar. The plan is to close the Kuwait operations and open a new branch in Bangalore. The Kuwait secondary ledger will be deleted and the new Bangalore secondary ledger will be added. Bangalore will use a different chart of accounts from that of Dubai and will use a weekly calendar.
Select two valid statements. (Choose two.)
A. Deleting the Kuwait ledger is possible after the accounting setup of the Dubai ledger is complete.
B. There is no mapping required from the Dubai ledger to the Bangalore ledger.
C. After adding the Dubai ledger, the ledger options step must be completed.
D. If the Kuwait ledger is disabled, it is still available for historical reporting and manual journal entries.
Answer: C,D

NEW QUESTION: 4
Conflict should be best addressed in which manner?
A. Early, in private, using a direct, collaborative approach
B. Early, in private, using an indirect, cooperative approach
C. Early, in public, using an indirect, collaborative approach
D. As late as possible, in public, using a direct, confrontational approach
Answer: A