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Sphinxa [80]
2 years ago
6

the audit working paper that reflects the major components of an amount reported in the financial statement is the

Business
1 answer:
KiRa [710]2 years ago
4 0

The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.

<h3>What is the Lead Schedule?</h3>
  • A working document known as a lead schedule lists the specific general ledger accounts that make up a line item in the financial statements.
  • The sum for the related line item in a client's financial statements should match the number on the lead schedule.
  • The general ledger (GL) accounts that are present in each financial statement line item and note disclosure are listed in a lead schedule.
  • Each line item or group of related line items on the financial statement would typically have its lead schedule. The final balance in the financial statements and the sum on the lead schedule should match.
  • The lead schedule gives a list of the contents of each line item. This is a useful starting place for your records.

To learn more about the Audit working paper refer to:

brainly.com/question/13812517

#SPJ4

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"Born and raised in India, Rashmi has always enjoyed Indian cooking. As a matter of fact, cooking was her passion and she always
sergejj [24]

Answer:

The correct answer is letter "A": Modify.

Explanation:

The SCAMPER approach is useful when analyzing how to implement new ideas into existing products or services. SCAMPER stands for <em>Substitute, Combine, Adapt, Modify, Put to another use, Eliminate, </em>and <em>Reverse</em>.

The Modifying function implies asking questions such as "<em>What could you add to modify this product</em>?" or "<em>What element of this product could you strengthen to create something new</em>?" which looks for spotting lacking features of products to improve them according to consumers' preference.

Thus, <em>by deciding to change the spices of Indian traditional food for less spicy ingredients to fit Americans' food habits, Rashmi is using the modifying component of the SCAMPER tool.</em>

8 0
4 years ago
On April 1, 2018, On April 1, 2018, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting d
Pani-rosa [81]

Answer:

Explanation:

1. April 1, 2018

Dr Notes Receivable 570,000

Cr Cash 570,000

2. Dec 31, 2018

Dr Interest Receivable 47,025

Cr Interest revenue 47,025

*Interest Revenue = Face value*Annual int. rate*Fraction of the year = 570,000*11%*9/12 = 47,025

3. April 1, 2019

Dr Cash 632,700

Cr Notes receivable 570,000

Cr Int receivable 47,025

Cr Int revenue 15,675

*Int revenue = 570,000*11%*3/12 = 15,675

4 0
3 years ago
Read 2 more answers
Assuming Doug has another account set aside for​ emergencies, how much can he withdraw on a monthly basis to supplement his reti
krek1111 [17]

Answer:

Attached is the full solution.

8 0
3 years ago
Last year Mason Inc. had a total assets turnover of 1.33 and an equity multiplier of 1.75. Its sales were $320,000 and its net i
docker41 [41]

Answer: d. 3.82%

Explanation:

ROE = Net Income / Equity so Equity need to be ascertained.

1.75 = Total Assets/ Total Equity

Total Equity = Total Assets/ 1.75

1.33 = Revenue / Total Assets

Total Assets = Revenue / 1.33

= 320,000/1.33

= $240,601.50

Total Equity = 240,601.50/1.75

= $137,486.57

Old ROE = 10,549/ 137,489.57

= 0.07672582

= 7.67%

New ROE = (10,549 + 5,250) / 137,489.57

= 0.11491053466

= 11.49%

Difference = 11.49 - 7.67

= 3.82%

4 0
4 years ago
Suppose there was a large increase in net exports. if the fed wanted to stabilize output, it could?
laila [671]

If the FED want to stabilize output then FED has to decrease the money supply if the net exports were increased.

Given that there was a large increase in net exports.

We are required to advise the FED about the work he should do to stabilize the output.

The increase in exports shows that there had huge amount of money in the economy. So to stabilize the output FED has to decrease the output and to decrease the output FED has to decrease the money supply.

FED can decrease the money supply in various ways as under:

  1. Increase in interest rate.
  2. Selling of government securities.

There are many more ways to decrease the money supply. When the money supply decreases the people in the country may not be able to produce more goods and the production of goods decreases.

Hence if the FED want to stabilize output then FED has to decrease the money supply if the net exports were increased.

Learn more about money supply at brainly.com/question/3625390

#SPJ4

3 0
2 years ago
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