Coca Cola KO

Question: #896

Coca Cola KO

The audit program contains procedures intended to:

Question 8 options:

A) provide support for the financial statements

B) gather evidence to support the auditor's opinion

C) certify that the financial statement accounts are accurate

D) assist the client in preparing the financial statements

Question 9 (4 points)

The auditor must obtain "sufficient, competent" evidential matter to support his opinion. "Competent" means:

Question 9 options:

A) enough

B) relevant

C) written

D) believable

Question 10 (4 points)

The auditor is evaluating whether the client consistently uses prenumbered sales invoices. This is an example of:

Question 10 options:

A) dual-purpose testing

B) materiality testing

C) substantive testing

D) control testing

Question 11 (4 points)

The auditor obtains a bank statement from the client's bank to obtain evidence about the client's cash balances. This evidence is regarded as competent because it's

Question 11 options:

A) free from bias

B) sufficient

C) conclusive

D) persuasive

Question 12 (4 points)

Which of the following characteristics or actions is not necessary for evidence to be useful to the auditor?

Question 12 options:

A) Evidence must be evaluated in an unbiased manner by the auditor.

B) Evidence must persuade the auditor that the audit objective has been met.

C) Evidence must respond to the audit objective for which it's being gathered.

D) Evidence must be convincing, beyond all doubt.

Additional Requirements

Level of Detail: Only answer needed

Solution: #903

Coca-Cola (KO)

Coca-Cola (KO) is the world's largest producer of soft-drink concentrates, syrups, and juices. Its soft-drink brands include Coke, Diet Coke, Cherry Coke, Sprite, Tab, Nestea, and Barq's. The firm sells about 59% of its concentrates and syrups to company-owned and independent bottlers in the United States and abroad, who distribute them to end users. Coca-Cola also makes fruit juices sold under names like Minute Maid.

Follow the Two-Stage DDM method presented in class in order to answer the following question. You MUST show all of your calculation in the question below is order to receive credit for any numerical answers. All six questions are worth 16 points each (6 x 16 = 96 points + 3 free point for turning in A2).

Two-Stage Dividend Discount Model (DDM)