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NEW QUESTION: 1
An accountant's compilation report on a financial forecast should include a statement that the:
A. Prospective statements are limited to presenting, in the form of a forecast, information that is the
accountant's representation.
B. Hypothetical assumptions used in the forecast are reasonable.
C. Range of assumptions selected is one in which one end of the range is less likely to occur than the
other.
D. Compilation does not include evaluation of the support of the assumptions underlying the forecast.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "A" is correct. An accountant's compilation report on a financial forecast should include a statement
that the compilation does not include evaluation of the support of the assumptions underlying the forecast.
(An examination of the financial forecast would include evaluation of the support).
Choice "B" is incorrect. An accountant does not give any form of assurance related to hypothetical
assumptions, which are not used in financial forecasts anyway. (Hypothetical assumptions are used in
financial projections).
Choice "C" is incorrect. No mention of the range of assumptions selected is made in the compilation
report.
Choice "D" is incorrect. A compilation is limited to presenting, in the form of a forecast, information that is
management's representation.
NEW QUESTION: 2
Which statement is correct about the power level of Aruba Beacons?
A. The power level cannot be changed on either a location or a proximity beacon, but can be changed on an Aruba Sensor and a USB beacon
B. The power level can be changed for all Aruba Beacon modes and will determine coverage area.
C. The power level of a proximity beacon can be changed but the power level of a location beacon cannot be changed
D. The power level can be changed on a location beacon and a USB beacon, but not on a proximity beacon
Answer: A
NEW QUESTION: 3
What is the expected behavior of the following code?
A. the code is erroneous and it will not execute
B. it outputs 1
C. it outputs 3
D. it outputs 2
Answer: B
