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NEW QUESTION: 1
The adverse effects of events causing an auditor to believe there is substantial doubt about an entity's
ability to continue as a going concern would most likely be mitigated by evidence relating to the:
A. Ability to expand operations into new product lines in the future.
B. Feasibility of plans to purchase leased equipment at less than market value.
C. Committed arrangements to convert preferred stock to long-term debt.
D. Marketability of assets that management plans to sell.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "C" is correct. The adverse effects of events causing an auditor to believe there is a substantial
doubt about an entity's ability to continue as a going concern would most likely be mitigated by evidence
relating to the marketability of assets that management plans to sell. By providing evidence that there is a
ready market for assets that could be converted to cash, management has demonstrated that the
company could remain in operation for a longer period of time, thereby mitigating the need for an
explanatory paragraph describing the matter.
Choices "A", "B", and "D" are incorrect. Evidence regarding the ability to expand operations into new
product lines in the future, the feasibility of plans to purchase leased equipment at less than market value,
or committed arrangements to convert preferred stock to long-term debt would not be sufficient to mitigate
doubts about an entity's ability to continue as a going concern, unless it could also be demonstrated that
the events would provide adequate cash flow to fund operations for at least the next year.
NEW QUESTION: 2
Where do you build a flowgraph?
There are 2 correct answers to this question.
Response:
A. SAP HANA Studio modeler perspective
B. SAP HANA Studio development perspective
C. Web-based development workbench
D. Web IDE for SAP HANA
Answer: B,D
NEW QUESTION: 3
Which of the following is formalized document that authorizes the project and should be prepared by someone who is external to project, and should not be directly prepared by the project manager?
A. Scope statement
B. WBS
C. Production description
D. Project charter
E. None of the choices are correct
Answer: D