Question: Given the schedule in Table B for a liability work package done as part of an accounting audit in a corporation, find: (a) The critical
(a) The critical path.
(b) The slack time on process confirmations.
(c) The slack time on test pension plan.
(d) The slack time on verify debt restrictioncompliance.
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Duration Preceding (days) Activities Activity a. Obtain schedule of liabilities b. Mail confirmation c. Test pension plan d. Vouch selected liabilities e. Test accruals and amortization f Process confirmations g. Reconcile interest expense none 15 60 40 to debt h. Verify debt restriction 10 c, e compliance i. Investigate debit balances j. Review subsequent payments 12 h,i
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a The critical path is A D E G I J b The slack on process confirmation F is 20 days c The slac... View full answer
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