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IIA Updated IIA-CIA-Part3 Exam Questions and Answers by elise

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IIA IIA-CIA-Part3 Exam Overview :

Exam Name: Business Knowledge for Internal Auditing
Exam Code: IIA-CIA-Part3 Dumps
Vendor: IIA Certification: CIA
Questions: 416 Q&A's Shared By: elise
Question 96

Which of the following measures the operating success of a company for a given period of time?

Options:

A.

Liquidity ratios.

B.

Profitability ratios.

C.

Solvency ratios.

D.

Current ratios.

Discussion
Question 97

A company records income from an investment in common stock when it does which of the following?

Options:

A.

Purchases bonds.

B.

Receives interest.

C.

Receives dividends

D.

Sells bonds.

Discussion
Question 98

Which of the following contract concepts is typically given in exchange for the execution of a promise?

Options:

A.

Lawfulness.

B.

Consideration.

C.

Agreement.

D.

Discharge

Discussion
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Question 99

Which of the following best describes depreciation?

Options:

A.

It is a process of allocating cost of assets between periods.

B.

It is a process of assets valuation.

C.

It is a process of accumulating adequate funds to replace assets.

D.

It is a process of measuring decline in the value of assets because of obsolescence

Discussion
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