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  1. Home
  2. IIA Certification
  3. IIA-CIA-Part3 Exam
  4. IIA.IIA-CIA-Part3.v2025-07-07.q379 Dumps
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Question 41

Cash collections from customers in Year 2 were:

Correct Answer: A
Cash collections from customers equals beginning accounts receivable, plus sales revenue, minus accounts written off, minus ending accounts receivable. In Year 2, Cash collections from customers were US $341.000$95,000 + $338,000 - $3,000 - $89,000). Balance sheets on December 31, Year 1, and December 31, Year 2, are presented below
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Question 42

Which of the following is not a barrier to effective communication?

Correct Answer: B
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Question 43

Which of the following statements most likely represents a disadvantage for an entity that keeps data files on a server rather than on a manual system?

Correct Answer: B
In a manual system, one individual is usually assigned responsibility for maintaining and safeguarding the records. However, in a server environment, the data files may be subject to change by others without documentation or an indication of who made the changes.
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Question 44

Which of the following recognized competitive strategies focuses on gaining efficiencies?

Correct Answer: A
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Question 45

If ending inventory is underestimated due to an error in the physical count of items on hand, the cost of goods sold for the period will be =List A> and net earnings will be =List B>.

Correct Answer: C
Cost of goods sold equals beginning inventory, plus purchases, minus ending inventory. If ending inventory is underestimated, cost of goods sold will be overestimated for the period. If cost of goods sold is overestimated, profit for the period will be underestimated.
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