Answer:C. Documentation to demonstrate compliance with its policies and procedures.
Explanation:CPA(CERTIFIED PUBLIC ACCOUNTANT) firm system of quality control is generally expected to provide and maintain documentation to demonstrate compliance with its policies and procedures.
Monitoring and evaluation by regulatory bodies essentially requires documented evidence to show compliance, the ISO(INTERNATIONAL STANDARDS ORGANISATION) makes it as part of it requirements for QUALITY MANAGEMENT SYSTEM (QMS) that all firms must document,record and maintain its activities, in a document for reference purposes and to show compliance to established standards and procedures.
Answer:
gain on disposal 30,000
Explanation:
First we do the numbers for the old truck:
Asset 140,000
Acc Dep 80,000
Book Value 60,000
Now, becuase there are commercial subtance we will recognize the dgain or loss at disposal.
Total given-up for the tow truck
bake tow truck 100,000
cash <u> (10,000) </u>
Baker valuation of our truck 90,000
book value (60,000)
gain on disposal 30,000
<u>journal entry</u>
tow truck 100,000
acc dep delivery truck 80,000
cash 10,000
delivery truck 140,000
gain on disposal 30,000
Answer:
Also known as the profit and loss statement or the statement of revenue and expense, the income statement primarily focuses on the company's revenues and expenses during a particular period.
The document the borrower must receive at least three days before the signing appointment is: Closing Disclosure.
Closing disclosure is a loan document that contains all the information about the what loan entails.
This closing disclosure tend to contain the following:
- The loan terms
- Transaction details
- Closing information
- Projected payments
- Closing costs
- Summary of loan transaction etc
Closing disclosure document must be received by the borrower at least three days before the borrower sign the appointment so as to give the borrower time to go through the document or to review the documents and have good understanding of the loan terms and condition before signed the appointment.
Inconclusion the document the borrower must receive at least three days before the signing appointment is: Closing Disclosure.
Learn more about closing disclosure here:brainly.com/question/4375643
