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mihalych1998 [28]
1 year ago
8

which statement best describes the sec rules relating to bookkeeping services? a. bookkeeping services are permitted if the indi

viduals performing these services do not also perform the audit
Business
1 answer:
mash [69]1 year ago
4 0

The statement best describes the SEC rules relating to bookkeeping services is an accountant generally cannot provide bookkeeping services to an SEC audit client.

The practice of regularly documenting your company's financial activities into arranged accounts is known as bookkeeping. It may also be used to describe the many recording methods that companies may employ.

A bookkeeper will make sure that all of a company's accounts are correct and current. Additionally, they will periodically report on those accounts so the owners and management are aware of their financial situation. Additionally, tidy accounts make it simple for accountants to intervene and handle their duties at the conclusion of the financial year.

To track income and spending as effectively as possible, a corporation must employ three different forms of accounting. Cost, management, and financial accounting are some of them.

The given question is incomplete, the complete question is:

Which statement best describes the SEC rules relating to bookkeeping services?

a. Bookkeeping services are permitted, as long as the individuals performing these services are not the same individuals performing the audit.

b. Bookkeeping services are permitted if the fees from these services are insignificant relative to the audit fees.

c. Bookkeeping services are permitted if the client agrees in writing to accept responsibility for the adequacy of these services.

d. An accountant generally cannot provide bookkeeping services to an SEC audit client.

To know more about Bookkeeping Services here

brainly.com/question/11865844

#SPJ4

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In this type of economy, the government will control some of the means of production, but not all of it. You can still become we
dimaraw [331]

The he type of economy where the government controls some production means, but not all of it is a mixed economy.

<h3>Types of economic systems:</h3>

Five distinct types of economic systems have been recognized, including:

  • Traditional
  • Command
  • Centrally planned
  • Free Market
  • Mixed

<h3>Characteristics of a mixed economy</h3>
  • Private property and self-interest are protected.
  • Free market activities are allowed.
  • Prices of goods and services are determined by the laws of supply and demand.
  • Government still intervenes in the means of production.

Thus, the type of economy where the government controls some production means, but not all of it is a mixed economy.

Learn more about economic systems here: brainly.com/question/491016

8 0
2 years ago
20. Otto's Tune-Up Shop follows the revenue recognition principle. Otto services a car on August 31. The customer picks up the v
Allushta [10]

Answer:

Option A-The revenue must be recognized on 31 August.

Explanation:

The accrual concept says that the income must be recognized when they are earned not when the amount is received and expenses when they are incurred not when they are paid.

So according to accrual concept, the entity must deliver its share to recognize sales that is servicing the car. When the entity will service the car then it should recognize the revenue otherwise not. So in accrual basis accounting the date of payment is irrelevant for recognition of revenue and expenses.

4 0
3 years ago
Read 2 more answers
On December 1, Year 3 Walton Company paid $3,600 cash for office space to be used during the coming year. This event is_________
Alex787 [66]

Answer:

christmas party

Explanation:

3 0
3 years ago
Mullineaux Corporation has a target capital structure of 64 percent common stock, 9 percent preferred stock, and 27 percent debt
nlexa [21]

Answer:

10.02%

Explanation:

The computation of the WACC is shown below. The formula of WACC is shown below:

= (Weightage of debt × cost of debt)  + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of  common stock) × (cost of common stock)

= 27% × 7.6% × (1 - 0.40) + 9% × 5.9% + 64% × 12.9%

= 2.052% × (1 - 0.40) + 0.531% + 8.256%

= 10.02%

8 0
3 years ago
Jones &amp; Hilton Co. owned a large cold storage warehouse where they stored and processed meat and meat products. An insider r
8090 [49]

Answer:

4. U.S. Department of Agriculture

Explanation:

The U.S. Department of Agriculture, one of the most powerful executive departments in the United States, has as one of its functions the responsability to ensure food safety.

For this goal, it has one subdivision: the Food Safety and Inspection Service, which has over 9,000 employees across the U.S.

That is the specific department that would carry out the inspection, and initiate legal proceedings in case of irregularities. It is in charge of ensuring food safety for consumers in the places where food is manipulated, distributed, and sold.

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