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
Mariana [72]
1 year ago
14

As stated in the audit report, or Report of Independent Accountants, the primary responsibility for a company's financial statem

ents lies with a. The owners of the company. b. Independent financial analysts. c. The auditors. d. The company's management.
Business
1 answer:
Alona [7]1 year ago
3 0

As stated in the audit report, or Report of Independent Accountants, the primary responsibility for a company's financial statements lies with the company's management.

Auditing refers to the official inspection and evaluation of a firm’s account, including its balance sheets and financial statements, usually by an independent body.

During an auditing process, various information regarding the company’s accounts, including revenues, expenditures, balance sheets, credit information, etc. has to be provided to the auditor. Provision of the financial statement of the firm is the special responsibility of the company’s management.

The management of a company includes those responsible for running the company and taking important decisions, including CEOs, CFOs, Human resource manager, etc.

To learn more about audit reports : brainly.com/question/3521529

#SPJ4

You might be interested in
Suppose your employer offers you a choice between a $ 4 comma 600 bonus and 200 shares of the company stock. Whichever one you c
Virty [35]

Answer:

a. Suppose that if you receive the stock​ bonus, you are free to trade it. Which form of the bonus should you​ choose? What is its​ value?

I would choose the stock bonus because the current market price = 200 x $64 = $12,800 which is much higher than $4,600 (cash bonus)

b. Suppose that if you receive the stock​ bonus, you are required to hold it for at least one year. What can you say about the value of the stock bonus​ now? What will your decision depend​ on?

Even if you are required to hold the stock for one year, the price difference with the cash bonus is too great = ($12,800 - $4,600) / $4,600 = 178% higher. Since you are employed by the company, you should know if the company is doing well or not, and the probable future stock price.

Only if something catastrophic happened to the company would make the cash bonus more attractive.

6 0
4 years ago
Finish Co. uses the allowance method to account for bad debts. At the end of 2010, Finish Co.'s unadjusted trial balance shows a
Nana76 [90]

Answer:

The answer is: D) $5,800

Explanation:

The doubtful accounts should have a total balance of $6,000, representing 1% of total sales (= $600,000 x 1%).

Since doubtful accounts balance is only $200, you must entry a debit record of $5,800 (so that the total balance of that account is $6,000).

3 0
3 years ago
When a country experiences capital flight, its net capital outflow, a. which is part of the demand for loanable funds, increases
Dahasolnce [82]

Answer:

D

Explanation:

Capital flight will reduce the quantity of money supply that can be loaned to investors.

8 0
3 years ago
The difference in a variable measured over observations (time, customers, items, etc.) is known as
kolezko [41]
<span>The difference in a variable measured over observations (time, customers, items, etc.) is known as the variance. 
</span><span>it is the measure of variability that utilizes all the data and it is calculated by
</span><span> taking the differences between each number and the mean,. Then these differences are squared in order to be positive. At the end the sum of the squares is divided by the number of values in the set.</span>
5 0
3 years ago
Which of the following attributes is most typical of a​ service? A. mass production B. production and consumption occur simultan
kenny6666 [7]

Answer: Production and consumption occur simultaneously

Explanation:

Services are intangible quantities that possess value and can be traded, services cannot be stored therefore it most times is produced and consumed at the same time.

5 0
3 years ago
Other questions:
  • On January 2, 2009, L Co. issued at par $20,000 of 4% bonds convertible in total into 1,000 shares of L's common stock. No bonds
    12·1 answer
  • Small Businesses in America
    8·1 answer
  • Robin Company purchased on account and used 520 pounds of direct materials to produce a product with a 510-pound standard direct
    9·1 answer
  • Uncollectible accounts are determined by the​ percent-of-sales method to be 22​% of credit sales. How much is​ uncollectible-acc
    8·1 answer
  • why do you think many people are in jobs that are not satisfying? do organization help people craft satisfying and motivating jo
    14·1 answer
  • The weekly gathering of friends and family in an Iranian-American home, where rituals, food, and cultural practices from Iran ar
    13·1 answer
  • List 5 factors that ​you ​would be looking for when buying a used car.
    8·1 answer
  • Tidewater, Inc., requires its job applicants to take a test that measures their vocabulary and numerical skills. For specific jo
    5·1 answer
  • Heavy dream is best. <br><br> agree <br> or <br> no agree
    11·2 answers
  • A convertible bond would let the investor exchange it for:____.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!