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ExtremeBDS [4]
1 year ago
6

In the study of internal control, the auditor uses sampling to compare the __________ to the __________.

Business
1 answer:
Arturiano [62]1 year ago
5 0

In the study of internal control, the auditor uses sampling to compare the adjusted estimate of the deviation rate to the tolerable rate of deviation.

How Do Internal Controls Work?

A plan of structure, processes, and records that are concerned with the security of assets and the accuracy of financial records are together referred to as internal controls.

Fundamentals of Internal Control Systems

A firm's unique information requirements should be taken into account when designing an internal control system. As a result, the system might be anything from a straightforward manual system to a sophisticated computerized online system with remote terminals dispersed all over the nation. The accounting system must process data effectively, precisely, and promptly whether it is electronic or manual. An internal control system that has been carefully thought out is at the core of any well-designed accounting system.

Protecting the assets under management's control is one of their main duties.

to know more about  Internal Control Systems

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When there is no room for growth within a company, an employee cannot __________. a. Be promoted to new positions horizontally b
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Owner contributions and retained earnings are combined in a single capital account on the balance sheets of?
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Owner contributions and retained earnings are combined in a single capital account on the balance sheets of .proprietorships.

A sole proprietorship, also known as a sole proprietorship, sole proprietorship, or sole proprietorship, is a form of business owned and operated by a single person where there is no legal distinction between owner and business entity. Sole proprietorships do not necessarily work alone and may employ other people.

Examples of sole proprietors include small businesses. B. A one-person art studio, grocery store, or IT consulting service. The moment you start offering goods and services to others, you become a sole proprietorship.

A sole proprietorship is a business owned and controlled by an individual, corporation, or limited liability partnership. The company has no partners. Sole proprietorship legal status can be defined as follows: It is not a legal entity separate from the business owner.

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8 0
1 year ago
Which of the following is a business that might need personal liability protection for its owner?
scoray [572]

Answer:

B: Doctors office

Explanation:

7 0
3 years ago
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Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting income and taxable income: Pretax accounting i
lianna [129]

Answer:

$7,202

Explanation:

Calculation for What should be the balance in Kent's deferred tax liability account as of December 31, 2021?

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December 31, 2021 Deferred tax liability=

= $7,202

Therefore What should be the balance in Kent's deferred tax liability account as of December 31, 2021 is $7,202

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