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rewona [7]
1 year ago
9

The ____________________ attests to the fairness of the presentation of the financial statements and states whether the financia

l statements are presented in accordance with gaap.
Business
1 answer:
Mila [183]1 year ago
8 0

The require answer is Auditor's report.

Auditor's report:

  • If the financial accounts are presented fairly and in line with GAAP, it is stated in the auditor's report and attested to by the auditor.
  • The auditor's report expresses the auditor's judgment regarding the accuracy and conformity with GAAP of a company's financial statements.
  • The auditor's view on whether a company's financial statements adhere to generally accepted accounting standards (GAAP) and are free of substantial misstatement is expressed in an auditor's report, which is a written letter from the auditor.
  • A report from the auditor stating that the financial statements and accompanying disclosures were presented fairly. The outcome of this evaluation is the auditor's report, which attests to the fairness of the financial statements' presentation and related disclosures. The existence, completeness, rights and duties, accuracy and value, and presentation and disclosure of financial statement assertions are among those that a company's statement preparer attests to.

Learn more about Auditor's report here brainly.com/question/7890421

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If the government requires a natural monopoly to price at marginal cost, Group of answer choices monopoly firms will earn zero e
MissTica

Answer:

monopoly firms will operate at a loss because P < AC

Explanation:

A monopoly is when there is only one firm operating in an industry.

A natural monopoly exists either because of high start-up costs or high economies of scale.

A natural monopoly has a decreasing average cost for some output. When the average cost is falling, the marginal cost lies below the average cost. If the government sets price to be equal to  marginal cost, which lies below the average cost, the monopoly would incur losses.

3 0
3 years ago
On January 1, 2019, Ola Company paid $388,900 for a $400,000 face value 3% corporate bond yielding 4%, interest paid annually on
shutvik [7]

Answer:

B. $15,556

Explanation:

As given in the question

Face value of bond = $400,000

Carrying value of bond = $388,900

Discount from par value = $11,100

Coupon rate = 3%

Bond yielding rate = 4%

Interest revenue for the year = Carrying value of bond x Bond yielding rate

Interest revenue for the year = 388,900 x 4%

Interest revenue for the year = $15,556

The correct option is B. $15,556.

8 0
3 years ago
Broadbanding eliminates layers in pay grades requiring organizations to find other ways to reward employees. Group startsTrue or
AlekseyPX

Broad banding eliminates layers in pay grades requiring organizations to find other ways to reward employees. False

  • A technique called "broad banding" replaces a large number of small wage ranges with a smaller number of larger compensation ranges when evaluating and building a job grading structure. Establishing what is necessary to pay for a certain position with help from broad banding.
  • Payroll departments employ broadband for human resource management. When deciding how much to pay specific roles and the incumbents in those positions, a job grading structure known as "broadcasting" lies somewhere between using spot salaries and several job grades. Broad banding does provide some broad job classifications to the business that uses it, but it does not have as many discrete job grades as do traditional compensation systems.

Thus this is the answer.

To learn more about HR, refer:brainly.com/question/24623157

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6 0
1 year ago
When delegating a task, it is important to
statuscvo [17]

Answer:

<em>Is D</em>

Explanation:

not B

DDDDDDD

8 0
3 years ago
Read 2 more answers
Prepare the necessary general journal entries for the month of October for Crane Retail for each situation given below. Crane us
harkovskaia [24]

The necessary journal entries for October month are attached below in the image :

<h3>What do you mean by journal entries?</h3>

All company transactions are documented in journal entries. Generally speaking, a transaction is any financial activity that has an effect on a business.

All the necessary journal entries are attached below:

Learn more about journal entries:

brainly.com/question/13483463

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3 0
2 years ago
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