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NEW QUESTION: 1
Which of the following statements are true about Data Validation?
A. None of the Above.
B. Validation rules apply to all new and updated records for an object.
C. All of the above.
D. If an error message is not set, a default message will be prompted instead.
E. Validation rules can reference fields which are not included in a page layout.
F. Validation rules can update fields which are not included in a page layout.
Answer: B,E
NEW QUESTION: 2
What are the main benefits of Workflow Builder? (Choose all that apply.)
A. Non-developers can easily automate business processes.
B. It supports integration with various third-party apps for easy data transfer between services.
C. Templates are available for download.
D. Developers and engineers can easily automate efficiencies in their development.
Answer: C,D
NEW QUESTION: 3
A. Option D
B. Option C
C. Option B
D. Option A
Answer: B
NEW QUESTION: 4
Which of the following ratios would an engagement partner most likely calculate when reviewing the
balance sheet in the overall review stage of an audit?
A. Quick assets/current assets.
B. Accounts receivable/inventory.
C. Interest payable/interest receivable.
D. Total debt/total assets.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. During the final review stage of an audit, the auditor focuses on the overall
presentation of the financial statements. Total debt/total assets indicate the portion of assets financed by
creditors, which is a meaningful ratio to calculate during the final audit review.
Choice "A" is incorrect. Quick assets/current assets simply indicate the percentage of current assets that
are also "quick" assets. It is not a particularly meaningful ratio.
Choice "B" is incorrect. Accounts receivable/inventory is not a meaningful ratio because it compares a
figure based on retail dollars with a cost-based figure.
Choice "C" is incorrect. Interest payable/interest receivable is not a meaningful ratio because these two
amounts are not related.
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