【单选题】Which of the following statements regarding non-current asset accounting is correct?
A.
All non-current assets should be revalued each year.
B.
Non-current assets may be revalued at the discretion of management. Once revaluation has occurred it must be repeated regularly for all non-current assets in a class.
C.
Management can choose which non-current assets in a class of non-current assets should be revalued.
D.
Non-current assets should only be revalued to reflect rising prices.
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【单选题】You now need to gain an understanding of Cherry’s non-current assets cycle.Which of the following statements is correct regarding audit procedures concerning the non-current asset cycle?
A.
The same ordering documentation may be used in the non-current assets cycle as in the purchases cycle. If this is the case, it will not be necessary to document the non-current assets cycle.
B.
Because there are likely to be less capital purchases than standard purchases in the year, it may not be cost-efficient to undertake tests of controls.
C.
Because the control risk around the non-current asset cycle is likely to be high, it is important to perform tests of controls.
D.
The non-current assets cycle is likely to have a lower risk of material misstatement than the purchases cycle.
【单选题】听力原文:W: Congratulations, Mr. Wang. M: Thanks. W: I hear that you do a lot of sports. Are you a professional marathoner? M: No, I'm an amateur. But I am a sports fan and exercise every day. W: Your per...