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  1. Home
  2. IIA Certification
  3. IIA-CIA-Part3 Exam
  4. IIA.IIA-CIA-Part3.v2023-01-15.q275 Dumps
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Question 131

Which of the following statements is true regarding partnership liquidation?

Correct Answer: D
insert code

Question 132

An entity experienced sales of US $5 billion, profit before interest and taxes of US $200 million, profit before taxes of US $100 million, and profit of US $70 million. Based on this information and the entity's balance sheet information in Exhibit A. the return on equity ROE is: \

Correct Answer: A
The return on equity equals profit US $70,000,000) divided by equity $500,000,000) ordinary shares / $1,000,000,000 retained earnings).
insert code

Question 133

Organizational activities that complement each other and create a competitive advantage are called a:

Correct Answer: A
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Question 134

In relation to the monetary unit amount of sales, which of the following cost classifications is appropriate for advertising and sales salaries costs?

Correct Answer: D
Both advertising and sales salaries should be classified as fixed costs. The advertising was constant for 3 of the 4 months and would be considered fixed in terms of monetary unit sales. Sales salaries also did not vary with monetary unit sales. A company manufactures and sells a single product. Planned and actual production in its first year of operation was 100,000 units. Planned and actual costs for that year were as:

The company sold 85,0u0 units of product at a selling price of US $30 per unit.
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Question 135

A manager at a publishing company received an email that appeared to be from one of her vendors with an attachment that contained malware embedded in an Excel spreadsheet . When the spreadsheet was opened, the cybercriminal was able to attack the company's network and gain access to an unpublished and highly anticipated book. Which of the following controls would be most effective to prevent such an attack?

Correct Answer: D
insert code
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