Question: Only need the answer. no need for any explanations please Question 1 (0.25 points) Tests of details of transactions for payables balances include: 0 a)

Only need the answer. no need for any explanations please

Only need the answer. no need for any explanations please Question 1(0.25 points) Tests of details of transactions for payables balances include: 0a) vouching recorded payables to supporting documentation. 0 b) confirming payables with

Question 1 (0.25 points) Tests of details of transactions for payables balances include: 0 a) vouching recorded payables to supporting documentation. 0 b) confirming payables with major suppliers by reviewing the accounts payable ledger or accounts payable master file. 0 c) comparing financial statement presentation with applicable regulations and accounting standards. 0 d) verifying directors' and executive officers' remuneration. Question 2 (0.25 points) Tests of details of balances for payables include all of the following accept: O a) confirming accounts payable. 0 bl searching for unrecorded liabilities. O C) verifying directors' and executive officers' remuneration. Q d) reconciling payables with monthly statements received by the entity from suppliers. Question 3 (0.25 points) The levels of evidence obtained when performing substantive procedures includes: 0 a) general. 0 b) minimal. 0 C) persuasive. Q d) all of the above. Question 4 (0.25 points) In a credit sales environment, the document that usually initiates the activity in the sales cycle is: O a) customer order. 0 b) sales order. 0 C) dispatch note. 0 d) sales invoice. Which of these is not considered a substantive procedure? 0 a) tests of controls. 0 '3) tests of details of balances. O C) analytical procedures. 0 d) tests of details of transactions. Question 6 (0.25 points) Which of the following is not a factor that tends to increase the inherent risk for purchases and payables? O a) all are factors that tend to increase the inherent risk for purchases and payables. O b) liquidity issues may tempt management to understate payables. O C) a high volume of transactions. 0 d) the number of directors

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