Q:

Which of the following comparisons would be most useful to an auditor in evaluating the overall financial results of an entity\'s operations?

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Which of the following comparisons would be most useful to an auditor in evaluating the overall financial results of an entity's operations?


  1. Prior-year accounts payable to current-year accounts payable.
  2. Prior-year payroll expense to budgeted current-year payroll expense.
  3. Current-year revenue to budgeted current-year revenue.
  4. Current-year warranty expense to current-year contingent liabilities.

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