1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ilia_Sergeevich [38]
2 years ago
5

How to identify the significant accounts, disclosures, and relevant assertions in auditing long-lived assets?

Business
1 answer:
RSB [31]2 years ago
6 0

An account or disclosure is a vast account or disclosure if there's an inexpensive possibility that the account or disclosure should contain a misstatement that, personally or when aggregated with others, has a fabric impact on the financial statements, considering the risks of each overstatement.

On the subject of auditing balance sheet accounts, which includes lengthy-term property and liabilities, the important thing assertions that an auditor will test are lifestyles; rights and duties; completeness and valuation.

To be able to become aware of these risks, we carry out techniques such as subsequent: Discussions with key employees to gain knowledge of your employer and its environment. Discussions and walkthroughs achieved and documented over internal manipulation tactics. diverse analytical tactics.

Learn more about environment here: brainly.com/question/17413226

#SPJ4

You might be interested in
Thomlin Company forecasts that total overhead for the current year will be $15,500,000 with 250,000 total machine hours. Year to
n200080 [17]

Answer:

overhead rate will be equal to $62 per machine hour

So option (B) will be correct option

Explanation:

We have given total overhead for the current year will be $15500000 with total 250000 machine hours.

And actual overhead is $16000000 and actual machine hour is 330000 hours

We have to find the overhead rate based on machine hour

Overhead rate is the ratio of estimated overhead to estimated total machine hours

So overhead rate =\frac{15500000}{250000}=62 $ per machine hour

So overhead rate will be equal to $62 per machine hour

So option (B) will be correct option

8 0
3 years ago
The boss praised his hourly employees for their good work. The boss hopes that the praise encourages the employees to continue t
lukranit [14]

Answer: option (A). the boss's praise

Explanation: Reinforcement is the process of encouraging or establishing a belief or pattern of behaviour. in this scenario, The boss praised his hourly employees for their good work. The boss hopes that the praise encourages the employees to continue to work hard. In this example, the reinforcement is the boss praise.The boss hoped the praise would encourage the employees to work harder.

5 0
3 years ago
According to a summary of the payroll of Scotland Company, total salaries were $500,000. Assume that social security taxes are p
OleMash [197]

Answer:

The journal entry to record accrued salaries would include a credit to salaries payable of $364500.

Explanation:

Salaries payable = 500000 - (500000*6%) - (500000*1.5%) - 98000

                            = $364500

Therefore, The journal entry to record accrued salaries would include a credit to salaries payable of $364500.

5 0
3 years ago
The state of texas encourages the parties to resolve all conflicts and disputes through alternative dispute resolution procedure
34kurt

The state of Texas encourages the parties to resolve all conflicts and disputes through alternative dispute resolution procedures such as mediation.

Mediation is an act or process of mediating by helping to settle a dispute or create agreement when there is conflict between two or more people or groups. This conflict is usually settled when the parties meet with a mutually selected impartial and neutral person who assists them in the negotiation of their differences.

Texas in United States, encourages the parties who are yet to resolve all conflicts and disputes between them, by mediation. As mediation will help them in settling down their differences.

Hence, mediation is quite necessary in order to resolve all conflicts and disputes.

To learn more about mediation here:

brainly.com/question/14453070

#SPJ4

5 0
1 year ago
Even when a manager is not able to grant employees' requests or suggestions, employees are much more likely to accept the decisi
Zigmanuir [339]
Even when a manager is not able to grant employees' requests or suggestions, employees are much more likely to accept the decision and respect the manager if they know that they were heard and were able to provide input, and if the manager explains the reasons for the decision.
5 0
3 years ago
Other questions:
  • According to communist theory, the value of a commodity is determined by the
    11·1 answer
  • Service businesses employ approximately ___ percent of the u.s. work force.
    12·1 answer
  • You find a fossil, and through careful study you find that only one-sixteenth of the carbon-14 that it once contained is still r
    7·1 answer
  • 1. Machine A and Machine B can produce 1 widget in 3 hours working together at their respective constant rates. If Machine A's s
    11·1 answer
  • When goods are transferred from the WorkminusinminusProcess Inventory account to the Finished Goods Inventory​ account, ________
    5·1 answer
  • Greg n. mankiw principles of macroeconomics 5th:
    8·1 answer
  • Compare tracking in affiliate marketing to that of e-mail and online advertising. What are the similarities?
    6·1 answer
  • cegg The change in the optimal objective function value per unit increase in the right-hand side of a constraint is given by the
    11·1 answer
  • Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the New Year. Fireworks cost
    5·1 answer
  • Which information would most likely cause a company's stock price to go up?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!