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1 year ago

Oak wholly owns a material subsidiary, Birch. Birch has a material 30% interest in Willow. Oak also owns 40% of Beech, which is

1 answer:

4 0

According to IESBA Public Interest Entity audit client rules, the restricted entities are D. Birch, Willow, and Beech.

<h3>What is an IESBA Public Interest Entity audit client?</h3>

According to the IESBA Public Interest Entity audit client guidelines, the restricted entities included Birch, Willow, and Beech.

The restricted entities have income that exceeds 10% of the consolidated incomes of the auditing firm, and they are legally related entities.

<h3>Data of Ownership Interests:</h3>

Oak in Birch = 100%

Birch in Williow = 30%

Oak in Beech = 40%

Thus, the restricted entities, according to IESBA Public Interest Entity audit client rules, are <u>D. Birch, Willow, and Beech</u>.

Learn more about relationships with audit clients at bhttps://brainly.com/question/14528555

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1. are called real accounts

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4 years ago

Martinez Company's ending inventory includes the following items.

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Answer and Explanation:

The computation of the lower of cost or market for ending inventory applied separately to each product is presented below:

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What is the APR (interest rate) on this card for Purchases made during the first six months that a cardholder has this card?

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Explanation:

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4 years ago

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Answer: $0

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From the question, we are informed that Nick and Katelyn paid $1,600 and $2,100 in qualifying expenses for their two daughters, Nicole and Naomi, respectively, to attend the University of Nevada and that Nicole is a sophomore and Naomi is a freshman.

We are further told that Nick and Katelyn's AGI is $202,000. Based on the above scenario, their allowable American opportunity tax credit will be $0. This is because when AGI is more than $180,000 for such taxpayers, the credit is being phased out.

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3 years ago

Almaraz Corporation has two manufacturing departments--Forming and Finishing. The company used the following data at the beginni

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Answer:

The correct answe is B.

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Giving the following information:

Forming Finishing Total

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Estimated variable manufacturing overhead cost per MH $ 1.30 $ 2.80

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