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garik1379 [7]
3 years ago
14

Public companies under the jurisdiction of the Securities and Exchange Commission are required by law to hire a certified public

accounting firm (independent auditor) to assess whether their published financial statements are in compliance with Generally Accepted Accounting Principles (GAAP). This statement is:_______.
Business
1 answer:
skad [1K]3 years ago
7 0

Answer:

True

Explanation:

In case of the public companies who are in control of the Securities and Exchange Commission have a requirement to hire an independent auditor we can say Chartered Accountant (CAs) who give their views upon the financial statements that are published whether they are in compliance of Generally Accepted Accounting Principles (GAAP).

Based on this, the independent auditor give the qualified or unqualified opinion

Therefore, the given statement is true

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Sheridan Company received $135000 in cash and a used computer with a fair value of $318000 from Carla Vista Co. for Sheridan Com
sammy [17]

Answer:

The gain that  Sheridan should recognize on this exchange is $135000

Explanation:

Where Exchange Transaction lacks commercial substance, the asset that is acquired is measured at the <em>Carrying Amount or Undepreciated Cost </em> of the asset given up.

The gain will then include an <em>further consideration acquired</em> on the exchange of an asset.

<u>Entries to record the exchange are as follows :</u>

Cash $135000 (debit)

New Asset at undepreciated cost $420300 (debit)

Cost of Old asset given up $420300 (credit)

Gain on exchange $135000 (credit)

Conclusion :

The gain that  Sheridan should recognize on this exchange is $135000

6 0
3 years ago
All of the following statements are true regarding negotiated municipal underwritings EXCEPT the:A initial offering price of eac
Sever21 [200]

Answer:

D

Explanation:

customer must be sent a copy of the official statement, if available

5 0
3 years ago
How does the interpretation of the regression coefficients differ in multiple regression and simple linear regression?
kati45 [8]

Answer and explanation:

Regression coefficients portrait the changes in variables after one unit has changed keeping the rest of the predictors of the model the same. While the <em>simple linear regression</em> is predicted from one variable, the <em>multiple regression</em> is predicted for more than one of them.

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3 years ago
Text written for advertising and marketing campaigns is referred to as o content. context O copy o collateral​
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Explanation:

5 0
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Pluto Inc. is computer technology corporation that has been manufacturing laptops for the last five years. Recently, in the face
Delicious77 [7]

Answer:

diversification

Explanation:

According to my research on ,different financial strategies I can say that based on the information provided within the question this is an example of diversification. This is the process of a business separating or varying it's range of products in their operations in order to reduce their risks in a certain market.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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