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50. Sam Jones, controller of Mitnikco, spends three days researching the
accounting statements to find loopholes in the "rules" and to make a case
for recognizing revenue earlier, rather than in later years. In the end,
Sam and the other members of management determine that they will
reduce the company's deferred revenue accounts and begin accounting
for all revenues as agreements are signed. What are the motivations of
Mitnikco management based solely on the information above? (Points: 4)
Pressures
Opportunity
Rationalization
Skepticism
51. Sampling risk is the risk that (Points: 4)
the sample will not contain characteristics representative of the
population such that inferences made about that population will be
incorrect.
the population will not contain characteristics representative of the
sample such that inferences made about that sample will be incorrect.
Neither A nor B is correct.
Both A and B are correct.
52. The sample size varies directly with (Points: 4)
the expected failure rate.
the tolerable error rate.
the allowable risk of assessing control risk too low.
the nonsampling risk