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
seropon [69]
1 year ago
6

When a cpa examines a client's projected financial statements the cpa's report should:________.

Business
1 answer:
8090 [49]1 year ago
3 0

The CPA or Certified Public Accountant's report should <u>state that the CPA performed procedures to evaluate management assumptions</u> when they examine a client's projected financial statements.

CPAs are public accountants who are licensed to practice their profession publicly and must always comply with the government's taxation practices and provisions of Statements on Standards for Accounting and Review Services.

Take note, CPA report doesn't refer to the their auditor's report on the historical financial statements. The report cannot also explain the principal differences between the historical statements and the projected financial statements.

Additionally, a CPA's report must not include the their opinion on the client's ability to continue as a going concern.

Curious about Code of Ethics for CPAs? Read here: brainly.com/question/28198157

#SPJ4

You might be interested in
Dynamic Apps is an organization specializing in highly specialized technology software, but it found that its original business
Vika [28.1K]

Answer:

The correct answer is True.

Explanation:

In the business world, the only good thing we can get out of the times of crisis is that they give you the opportunity to reinvent your company, products or services completely, whether it is to remain competitive or to survive.

The change may come due to crisis situations, the appearance of new competitors, changes in consumer habits or tastes.

6 0
3 years ago
A gift shop signs a three-month note payable. The note is signed on November 30 in the amount of $50,000 with annual interest of
aliina [53]

Answer:

the gift shop must recognize 31 days of accrued interest payable, total interest = principal x interest rate x time passed

= $50,000 x 12% x 31/365 days = $509.59

the adjusting entry should be:

December 31, accrued interest on note payable

Dr Interest expense 509.59

    Cr Interest payable 509.59

5 0
3 years ago
Read 2 more answers
Jim is the new manager of operations at Springfield Motors. To his dismay, he finds the employees coming in late to work, taking
alisha [4.7K]

Answer:

The correct answer is letter "B": Positive reinforcement and punishment.

Explanation:

In the Operant Conditioning Method proposed by B.F. Skinner (1904-1990), positive reinforcement refers to the set of actions individuals do to increase the behavior of other individuals. On the other hand, positive punishment aims to decrease behaviors in individuals by prompting undesirable stimuli.

Thus, <em>Jim is implementing positive reinforcement through incentives for workers meeting certain corporate goals and positive punishment by withholding those incentives from employees who get late, take long breaks or act unprofessionally</em>.

6 0
3 years ago
First, regardless of the strategy, _____ storage and _____ storage must be secured.
shepuryov [24]

Answer:

The correct answer is offsite and onsite.

Explanation:

When implementing Business Continuity the preservation of company data comes first.

Business Continuity Plan/Strategies are those measures that a company puts in place to ensure that regardless of the threat, and or disruption to the existing model that allows them to provide goods or services, (e.g. tsunamis or earthquakes, riots and civil unrests, compulsory government curfew) they can continue to function, reach their customers and remain operational.

The first rule of Business Continuity Plan is to protect all information assets. Off-site data or information refer to those information and or data that are remotely stored. That is, they are secured far away from the physical location of the business such as a data or server farm, cloud storage etc.

Onsite data storage refers to storing data on the premises or site of the business. Some fo the tools used are Hard Disk Drivers, Solid State Drives, DVDs etc.

Cheers!

3 0
3 years ago
Crane Company reports: Cash provided by operating activities $ 310000 Cash used by investing activities 120000 Cash provided by
KengaRu [80]

Answer:

$437,000

Explanation:

We first, find the net cash flow for the current period, and then, add the cash balance for the period immediately before.

Net cash flow for current period:

Cash provided by operating activities $310,000

Cash used by investing activities ($120,000) - we substract this because the cash was "used", that is to say, it was spent.

Cash provided by financing activities $149,000

Net cash flow: $339,000

Ending cash balance = Net cash flow + beginning cash balance

                                   = $339,000 + 98,000

                                   = $437,000

8 0
4 years ago
Other questions:
  • A physical count of supplies on hand at the end of May for Masters, Inc. indicated $1,250 of supplies on hand. The general ledge
    9·1 answer
  • The Rogers Corporation has a gross profit of $784,000 and $314,000 in depreciation expense. The Evans Corporation also has $784,
    6·1 answer
  • Suppose an increase in the price of rubber coincides with an advance in the technology of tire production. As a result of these
    15·1 answer
  • Business Solutions is expected to pay its first annual dividend of $.84 per share in Year 3. Starting in Year 6, the company pla
    8·1 answer
  • Which is not a reason why a company might decide to set up facilities in another country
    10·1 answer
  • Which factor that affects income is within a worker's control?
    15·1 answer
  • Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production
    14·1 answer
  • Exercise 12-1 Payback Method [LO12-1] The management of Unter Corporation, an architectural design firm, is considering an inves
    6·1 answer
  • As assistant to the CFO of Boulder Inc., you must estimate the Year 1 cash flow for a project with the following data. What is t
    15·1 answer
  • A customer who shares his or her views of a firm's product and gets attention from other customers who respect these views is re
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!