Business, 04.09.2019 02:10 ellarose0731
During a review of the financial statements of a nonpublic entity, the cpa finds that the financial statements contain a material departure from generally accepted accounting principles. if management refuses to correct the financial statement presentations, the cpa should:
a) disclose the departure in a separate paragraph of the report.
b) issue an adverse opinion.
c) attach a note explaining the effects of the departure.
d) issue a compilation report.
Answers: 3
Business, 21.06.2019 22:10
You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?
Answers: 1
Business, 22.06.2019 02:00
Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f
Answers: 1
Business, 22.06.2019 12:10
Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%
Answers: 1
Business, 22.06.2019 13:50
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
During a review of the financial statements of a nonpublic entity, the cpa finds that the financial...
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