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NEW QUESTION: 1
What is the Purchase Price of a repo?
A. The amount of cash actually paid for collateral at the start of the repo
B. The market value of bond collateral at the start of the repo at the clean price of the bond
C. The market value of bond collateral at the start of the repo at the dirty price of the bond
D. The amount of cash actually paid for collateral at the start of the repo plus repo interest
Answer: A
NEW QUESTION: 2
YCMJ are viewing the deployments in the administration console. A web application that is targeted to the Managed Server named server01 has a State of "Now."
Which statement best explains this State?
A. Server01 is running and the application has not been installed.
B. Server01 is running and the application has been installed.
C. Server01 is running and the application has been installed, but is not servicing requests.
D. Server01 is shut down and the application has not been installed.
E. Server01 is running and the application was installed for the first time.
F. Sarver01 is shut down and the application has been installed.
Answer: F
NEW QUESTION: 3
Park, CPA, was engaged to audit the financial statements of Tech Co., a new client, for the year ended
December 31, 20X3. Park obtained sufficient audit evidence for all of Tech's financial statement items
except Tech's opening inventory. Due to inadequate financial records, Park could not verify Tech's
January 1, 20X3, inventory balances. Park's opinion on Tech's 20X3 financial statements most likely will
be:
A. Option D
B. Option C
C. Option B
D. Option A
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. When the auditor is unable to satisfy himself or herself regarding the amount of
beginning inventory, he or she must disclaim an opinion on the income statement because of the inability
to verify the cost of goods sold during the year. The auditor may, however, still be able to issue an
unqualified opinion on the balance sheet, since inventory can be verified as of the balance sheet date.
Choices "A", "C", and "D" are incorrect, based on the Explanation: above.