Some of the factors believed to be perused in an economic-reality audit include the which of the following?
A)significant increases in interest, dividend, and other investment income
B)significant decreases in mortgage and other reportable interest paid
C)significant variance in self-employment or farming income during the period relative to industry norms
D)all of these are correct

Question

Quizplus · Accepted Answer

All of the choices listed (increases in investment income, decreases in reportable interest, and variance in self-employment/farming income) are factors that could be perused in an economic-reality audit.

Some of the Factors Believed to Be Perused in an Economic-Reality