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【简答题】
You are comparing two investment options that each pay 5 percent interest, compounded annually. Both options will provide you with $12,000 of income. Option A pays three annual payments starting with $2,000 the first year followed by two annual payments of $5,000 each. Option B pays three annual payments of $4,000 each. Which one of the following statements is correct given these two investment options? A. Both options are of equal value given that they both provide $12,000 of income. B. Option A has the higher future value at the end of year three. C. Option B has a higher present value at time zero than does option A. D. Option B is a perpetuity.
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反馈参考答案：
举一反三
【单选题】If the auditor finds extensive control test deviations and significant misstatements while performing substantive tests of transactions and substantive analytical procedures,
A.
the cost of the audit should decrease.
B.
the auditor will conclude that internal controls are effective.
C.
extensive tests of details of balances will need to be performed.
D.
all of the above
【简答题】State the relationship between the confirmation of accounts receivable and the results of the tests of controls and substantive tests of transactions.
【判断题】When internal controls are effective, then substantive audit tests are more reliable; thus, the extent of substantive tests should be reduced.
A.
正确
B.
错误
【单选题】An auditor’s decision either to apply analytical procedures as substantive tests or to perform substantive tests of transactions and account balances usually is determined by the
A.
availability of data aggregated at a high level.
B.
relative effectiveness and efficiency of the tests.
C.
timing of tests performed after the balance sheet date.
D.
auditor’s familiarity with industry trends.
【单选题】In the context of audit, what are 'substantive tests' designed to accomplish?
A.
To establish whether internal controls are being applied as prescribed
B.
To identify errors and omissions in financial records
C.
To establish the causes of errors or omissions in financial records
D.
To establish an audit trail
【单选题】In the context of audit, what are 'substantive tests' designed to accomplish?
A.
To establish whether interna! controls are being applied as prescribed
B.
To identify errors and omissions in financial records
C.
To establish the causes of errors or omissions in financial records
D.
To establish an audit trail
【单选题】What is the most likely course of action that an auditor would take after determining that performing substantive tests on inventory will take less time than performing tests of controls?
A.
Assess control risk at a low level
B.
Perform both tests of controls and substantive tests on inventory
C.
Perform only substantive tests on inventory
D.
Perform only tests of controls on inventory
【单选题】基本建设项目按照合理确定建设工程造价和基本建设管理工作的需要从大到小可以把一个建设项目划分为最小的基本单位是
A.
单项工程
B.
单位工程
C.
分部工程
D.
分项工程
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