Question: Given the schedule in Table B for a liability work package done as part of an accounting audit in a corporation, find:LO1 a. The critical

Given the schedule in Table B for a liability work package done as part of an accounting audit in a corporation, find:LO1

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 restriction compliance.”

TABLE B Activity a. Obtain schedule of liabilities Duration Preceding (days) Activities

TABLE B Activity a. Obtain schedule of liabilities Duration Preceding (days) Activities 3 none b. Mail confirmation 15 a c. Test pension plan 5 a d. Vouch selected liabilities 60 a e. Test accruals and 6 d amortization f. Process confirmations 40 b g. Reconcile interest 10 c, e expense to debt h. Verify debt restriction compliance 7 f i. Investigate debit balances 6 g 80 j. Review subsequent 12 h, i payments

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