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NEW QUESTION: 1
Which of the following statements are true about Data Validation?
A. Validation rules can update fields which are not included in a page layout.
B. Validation rules can reference fields which are not included in a page layout.
C. If an error message is not set, a default message will be prompted instead.
D. Validation rules apply to all new and updated records for an object.
E. All of the above.
F. None of the Above.
Answer: B,D
NEW QUESTION: 2
What are the main benefits of Workflow Builder? (Choose all that apply.)
A. It supports integration with various third-party apps for easy data transfer between services.
B. Developers and engineers can easily automate efficiencies in their development.
C. Templates are available for download.
D. Non-developers can easily automate business processes.
Answer: B,C
NEW QUESTION: 3
A. Option A
B. Option C
C. Option D
D. Option B
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. Total debt/total assets.
D. Interest payable/interest receivable.
Answer: C
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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