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NEW QUESTION: 1
During an internal audit, the internal auditor compares the employee turnover rate in the area being audited with the employee turnover rate in the organization as a whole.
This is an example of which of the following analytical auditing procedures?
A. Reasonableness test.
B. Regression analysis.
D. Trend analysis.
NEW QUESTION: 2
For financial reporting purposes, stock should be valued at:
A. Lower of cost and net present value
B. Higher of cost and net present value
C. Lower of cost and net realizable value
D. Higher of cost and net realizable value
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