Answer:
Option C.
1. No
2. No
Explanation:
The rights are unissued common stock yet hence no double entry would be passed. The double entry will only be passed when the rights are exercised.
The double entry when the rights are exercised would be:
Dr Bank A/c XX
Cr Common stock XX
Cr Additional paid-in capital XX
Answer:
a. Compare the details of cash receipts with journal entries.
b. Prepare a bank transfer schedule.
c. Confirm the terms of borrowing with the lenders agreement.
d. Send request to confirm the entity's account receivable balance.
e. Inspect payroll data of employees and cross check with the transaction recorded.
f. Obtain cut off bank statement to reconcile the transaction.
g. Examine the selected repair order and physically examine the equipment whether repair work is don or not.
h. Examine the supporting documents for the invoice such as purchase order, goods received note and Purchase requisitions.
i. Inspect the payroll endorsements for similar handwriting.
Explanation:
Audit is mandatory for all the companies. The verified financial statements are considered as reliable because they are rechecked by the auditors and if any error or fraud is found it is immediately corrected and rectified. Audit is a critical process which involves objectivity and integrity of a person. The auditors must be independent and they should not have any familiarity with the business employees or owners.
Each of these is a retirement account, except <u>a mutual fund</u>.
The answer is (B) a mutual fund
Answer:
the additional funds needed is $667,500
Explanation:
The computation of the additional funds by using AFN is shown below:
AFN is
= Increase in assets - increase in liabilities - addition to retained earnings
= ($4,000,000×25%) - ($900,000 × 25%) - 10,750,000 × .04( 1 - 0.75)
= $1,000,000 - $225,000 - $107,500
= $667,500
hence, the additional funds needed is $667,500
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The type of appeal used to imply either directly or subtly that the product is more fun or exciting than competitors' offerings is referred to as Humorous appeal.
One form of institutional advertising is advocacy. This is typically used to protect against negative consumer attitudes and increase the company's credibility among consumers who already stand by its position.
Emotional appeal represents the psychological, social, or symbolic desires that motivate consumers to purchase a product because of the emotions it evokes [28–30]. Rational (informational) appeal, on the other hand, refers to consumers' logical beliefs and attitudes about the usefulness or functionality of a product [28–30].
A testimonial is a statement by a customer about how they benefited from a product or service, and often includes recommendations from the customer. Use reviews to build trust with potential customers. This is one of the best ways to advertise your business.
Learn more about Humorous appeal here brainly.com/question/4420048
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