IIA IAA-IAP Q&A - in .pdf

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  • Exam Code: IAA-IAP
  • Exam Name: Internal Audit Practitioner
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  • Q & A: 365 Questions and Answers
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NEW QUESTION: 1
Under the Revised Uniform Partnership Act, which of the following have the right to inspect partnership
books and records?
A. Transferees of partners' interests.
B. Employees.
C. Inactive partners.
D. Former partners.
Answer: C
Explanation:
Choice "c" is correct. Every partner in a partnership - whether active or inactive - has the right to inspect
the partnership's books and records.
Choice "a" is incorrect. Only a partner has a right to inspect the partnership's books and records; an
employee of the partnership has no such right.
Choice "b" is incorrect. Only current partners have a right to inspect the partnership's books and records;
former partners do not have such a right.
Choice "d" is incorrect. Only partners have a right to inspect a partnership's books and records. A
transferee of a partner's interest has only the partner's right to distributions.

NEW QUESTION: 2
Which Cisco IOS XR command is the most useful for checking if traffic is being sent for a specific multicast group?
A. show mrib route 226.1.1.1
B. show ip mroute traffic 226.1.1.1
C. show mfib route 226.1.1.1
D. show multicast stats
Answer: C

NEW QUESTION: 3
물가 상승이 재무 비율 분석에 미치는 영향에 대해 다음 중 어느 것이 사실입니까?
A. 인플레이션은 연령에 따라 다른 엔터티의 비교 분석에 영향을 주지만 시간이 지남에 따라 한 엔터티의 재무 비율 분석에는 영향을 미치지 않습니다.
B. 인플레이션은 시간이 지남에 따라 한 기업의 재무 비율 분석에 영향을 주지만 연령대가 다른 기업의 비교 분석에는 영향을 미치지 않습니다.
C. 인플레이션은 대차 대조표 계정에서 계산 된 비율에만 영향을 미칩니다.
D. 인플레이션은 한 엔터티 초과 근무에 대한 재무 비율 분석 및 연령대가 다른 엔터티의 비교 분석에 영향을 줍니다.
Answer: D
Explanation:
Inflation has considerable impact on financial ratio analysis. This impact distorts both analysis of a single entity overtime and comparative analysis of different aged entities. During the year ended December 31. an entity had US $500,000 in sales revenue and purchased US $150,000 of inventory. The cost of goods sold was US $250,000 for the year. and the entity incurred US $ 25.000 of general and administrative expenses. The January 1 opening balance sheet was as follows:

The cost of long-term debt financing is 10% per annum, payable in one installment on December 31 of each year. The entity has a 50% tax rate. The entity has a dividend payout ratio of 25%. The fixed assets were 1-year old at the start of the current year. Were originally estimated to have a 6-year useful life. and are being depreciated on the straight-line basis.

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