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Vanyuwa [196]
2 years ago
12

Tracing transactions through the information system relevant to financial reporting. inquiring of entity personnel. assessing in

herent risk. inspecting documents and reports
Business
1 answer:
borishaifa [10]2 years ago
4 0

Tracing transactions through the information system relevant to financial reporting.

Financial reporting is the process of documenting and speaking monetary activities and performance over particular time intervals, usually on a quarterly or every year basis. corporations use monetary reports to prepare accounting data and document on contemporary economic status.

Financial reporting includes the subsequent: external economic statements (earnings announcement, statement of comprehensive earnings, balance sheet, declaration of coins flows, and declaration of stockholders' equity) The notes to the financial statements.

Financial reporting is crucial for management to make informed business decisions primarily based on information of the company's financial health. potential investors and banks may also use your enterprise's financial reporting to decide if they need to make investments or loan you money.

Learn more about Financial reporting here: brainly.com/question/28065899

#SPJ4

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Quay Co. had the following transactions during the current period.Mar. 2 Issued 5,000 shares of $7 par value common stock to att
LenaWriter [7]

Answer:

Following are the  journal entries to this question:

Explanation:

Date                            account title                                  Dr.                        Cr.

Mar.2                Incorporation expense                     \$39,600

          Common Stock (Par value=5000 \ Shares \times 7)                \$35,000        

       Paid in excess of par- Common Stock (39600-35000)             \$4,600

      (Bein 5000 common shares Of par value \$4 each issued )

June. 12                                       Cash                            \$519,100

                   Common Stock (Par value -63400\  Shares \times 7)                  \$443,800

        Paid in excess of par- common stock (519100-443800)              \$75,300 (Being 63400 common shares of par value \$7 each issued for \$519100 cash)

July-11                    cash 2175\  shares\times \$130                   \$282,750

               Preferred Stock (Par value =2175\  Shares \times \$110)             \$239,250      

               Paid in excess of par- Preferred stock (282750- 239250)                               (Being 2175 Prefered shares of par value \$110 each issued for \$130 each)

Nov. 28                         Treasury Stock                                           \$83,500

                                     cash                                                            \$83,500

                (Purchased 2,350 shares of treasury stock for\$83,500 ).

3 0
3 years ago
Which of the following is an example of a strategic action?
Pavlova-9 [17]

Answer:

Option D. Entry into the European market by Home Depot.

Explanation:

The reason is that the strategic actions are long term actions and are market based moves which bounds the organizational resources for implementation and are also very difficult to reverse.

So here use of coupons, fare increases and two for one offers are easily reversible, requires fewer organizations resources for implementation and short term decisions which means these are tactical actions.

Whereas the decision to enter european market by Home Depot is long term decision, bounds organization resources for implementation and is very difficult to implement or reverse the actions once taken, so it is strategical action of Home Depot.

8 0
3 years ago
At Emmerson Company, one bookkeeper prepares the cash deposits while the other bookkeeper enters the collections in the journal
marusya05 [52]

Answer:

d. segregation of duties

Explanation:

Segregation of duties defines that when a different number of people doing their duties for the same purpose. For example a person receives an envelope of cheque and another person records in accounting system.

According to the given situation, one person who is bookkeeper prepared cash deposit and another person records the collection of journal and ledger. So, this indicates the segregation of duties

8 0
3 years ago
According to Hackman and Oldham's job characteristics model, what type of employee would most likely be satisfied and perform at
Rasek [7]

The type of employee that would most likely be satisfied and perform at a high level is motivated employee.

<h3>Who is Hackman and Oldham?</h3>

Richard Hackman and Greg Oldham developed a model which itself motivates employees for the jobs.

The model focuses on the perspective that if the job is not monotonous, it can  motivates the employee and would not feel discouraged to work.

Hence, the type of employee that would most likely be satisfied and perform at a high level is motivated employee.

Read more on about Hackman and Oldham here: brainly.com/question/13103980

#SPJ1

8 0
2 years ago
So like is there anyone that likes twillzlers (yes ik i cant spell), trips on hot pockets, is really nice, likes orange and blue
antiseptic1488 [7]
Everything but the twizlers I don’t like them lol sorry -
5 0
2 years ago
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