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  1. Home
  2. IIA Certification
  3. IIA-CIA-Part3 Exam
  4. IIA.IIA-CIA-Part3.v2025-01-02.q249 Dumps
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Question 76

According to The IIA's Three Lines Model, which of the following IT security activities is commonly shared by all three lines?

Correct Answer: A
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Question 77

An internal auditor was asked to review an equal equity partnership In one sampled transaction Partner A transferred equipment into the partnership with a self-declared value of $10,000 and Partner B contributed equipment with a self-declared value of $15 000 The capital accounts of each partner were subsequently credited with S12,500. Which of the following statements is true regarding this transaction?

Correct Answer: D
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Question 78

In production management, product breakdown into component parts and lead times for procuring these parts is necessary for:

Correct Answer: B
Materials requirements planning (MRP) is usually considered a computer-based information system designed to plan and control raw materials used in a production setting. It assumes that estimated demand for materials is reasonably accurate and that suppliers can deliver based upon this accurate schedule. It is crucial that delivery delays be avoided because, under MRP, production delays are almost unavoidable if the materials are not on
hand. An MRP system uses a parts list, often called a bill of materials, and lead times for each type of material to obtain materials just as they are needed for planned production.
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Question 79

An entity has a 50% gross margin, general and administrative expenses of US $50, interest expense of US $20, and profit of US $10 for the year just ended. If the corporate tax rate is
50%, the level of sales for the year just ended was:

Correct Answer: D
Profit equals sales minus cost of sales, GSA expenses, interest, and tax. Given a 50% tax rate, profit before tax must have been US $20 [$10 profit -1_0 - 5 tax rate)]. Accordingly, profit before interest and tax must have been US $40$20 profit before tax + $20 interest), and the gross margin sales - cost of sales) must have been US $90$40 profit before interest and tax + $50 G&A expenses). If the gross margin is 50% of sales, sales equals US $180$90 gross margin - .5).
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Question 80

Which of the following statements is true regarding an investee that received a dividend distribution from an entity and is presumed to have little influence over the entity?

Correct Answer: B
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