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1 year ago

cpas provide assurance on the information for a third party in all of the following situations except

1 answer:

6 0

CPAs provide a guarantee at the statistics for a third birthday celebration in all the following situations except management preparing the department price range for next year.

A licensed public accountant (CPA), however, is a person who has earned an expert designation thru a combination of schooling, experience and licensing.

CPAs are legal to carry out a wide range of accounting services, consisting of accounting, guidance engagement, control advisory, financial advisory, tax, and consulting services; but, no longer all CPAs are legal to signal reports on attest engagements.

It is taken into consideration as one of the maximum difficult checks for obtaining standardized professional credentials. when the countrywide pass price is about 1 in 2, those who will finally need to take the CPA examination ought to use every resource feasible to offer them an area in opposition to an almost 50% fail rate.

Learn more about CPAs here:

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Mendrisio Company purchased a piece of machinery for $30,000 on January 1, 2019, and has been depreciating the machine using the

aleksley [76]

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

3 0

2 years ago

Asa works as an order-taker at Simply Salads, a fast-food restaurant. He does not cook food, or even package the final order, bu

Softa [21]

Answer:

Hierarchical organizational structure

Explanation:

Hierarchical organizational structure is the type of organization structure where the level of management are divided according to function and services they are performing.

though, the level of management is divided into top level management (the planning executives: boards of member, executives, shareholders), middle (determined how the plan and organization goal will be implemented: managers) and lower level (implement the plan: the supervisor, foreman or shift manager), then will have the workers.

this management system involves decision and authority being transfer from level to level.

in the case: Asa is in the worker level, while her shift manager is in the lower level and general manager is in the middle level.

6 0

2 years ago

John was ordering orange cones to use for soccer drills during practices. If John decided to purchase cones now, he would buy 10

FrozenT [24]

The own-price elasticity of the soccer cones is -0.67

The computation of the own-price elasticity of the soccer cones is as follows:

We know that

The Elasticity of demand is

= (change in quantity ÷ average quantity) ÷ (change in price ÷ average price)

Here

Change in quantity = 14 - 10 = 4

average quantity = (14 + 10) ÷ 2 = 12

change in price = 3 - 5 = -2

average price = (3 + 5) ÷ 2 = 4

So,

The Elasticity of demand is

= (4 ÷ 12) ÷ (-2 ÷ 4)

= -0.67

Therefore we can conclude that the own-price elasticity of the soccer cones is -0.67

Learn more about the price elasticity of demand here: brainly.com/question/15313354

5 0

2 years ago

In King v. Riedl,

vovangra [49]

Answer:

Court ruled over in favor of the plaintiffs.

Explanation:

The result was that the court ruled in the favor of the plaintiffs because the contractor was statutorily barred from bringing an action to enforce payment because he doesn't has the residential home builder license and the amount of the contract satisfied statutory requirements.

8 0

2 years ago

The idea that investors today compare the returns on bonds with differing times to maturity to see which is expected to give the

Zielflug [23.3K]

Answer:

expectations theory

Explanation:

Expectations theory is defined as the prediction of what short-term interest rates will amount to in future based on the current long-term interest rates on an investment.

The theory suggests or states that "an investor will earn the same amount of interest by investing in two consecutive one-year bond investments that in one two-year bond investment".

Simply put, the theory say that one can invest twice in a one year bond and still make the same interest rate as investing once in a two-year bond.

This theory helps investors to make profits faster and even higher through multiple investments on bonds.

Cheers.

8 0

2 years ago