An account or disclosure is a vast account or disclosure if there's an inexpensive possibility that the account or disclosure should contain a misstatement that, personally or when aggregated with others, has a fabric impact on the financial statements, considering the risks of each overstatement.
On the subject of auditing balance sheet accounts, which includes lengthy-term property and liabilities, the important thing assertions that an auditor will test are lifestyles; rights and duties; completeness and valuation.
To be able to become aware of these risks, we carry out techniques such as subsequent: Discussions with key employees to gain knowledge of your employer and its environment. Discussions and walkthroughs achieved and documented over internal manipulation tactics. diverse analytical tactics.
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Answer:
D) $15,000.
Explanation:
190,000 excess of value Building amortized over 10 years: 19,000
70,000 lesser value on Equipment amortized over 5 years: 14,000
We will amortize the building at a rate of 19,000 dollar per year
and we will amortize the equipment at 14,000 per year
the inventory as still is in the company's possesion will also need to be adjsuted
10,000 + 19,000 - 14,000 = 15,000
Japan was isolated during the period of Tokugawa Shogunate ( from the mid 1500s to the mid 1800s ). The reasons why the Shoguns wanted to isolate country from the rest of the world are: foreign influences and the spread of Christianity.
The effects of the isolation:
- The influence of the foreigners was under the control.
- Christianity was forbidden.
- The growth of large centers into cities. The cities were easier to defend, but they relied on the rural communities.
- The wealth of country was increasing.
- China and Korea were allowed limited access.
- The Duch were allowed to trade in certain ports.
Answer:
Franchisor
Explanation:
To expand a particular business, it is necessary to take some steps. One of the ways in which a business can be expanded is through franchise.
Franchising is the term here and it is a popular marketing concept. For example there are lots of McDonald’s Franchise across the country. One of the ways which contributed to the present day success of McDonald is through this scheme.
The company that franchises is known as the Franchisor. They usually have a proven business model and can approach businesses who are keen on expansion. They then get the right to sell these products within the same territory using the Business name within the legal framework
Answer:
perfectly inelastic
Explanation:
A supply of the product is considered to be perfectly inelastic in situations whereby the changes in the price of a commodity do not affect the quantity supplied, then such a supply curve is termed as perfectly inelastic. It is often depicted as a vertical line at the quantity supplied against all the prices in a graphical representation form.
Hence, If the quantity supplied is the same regardless of price then the supply curve would be: PERFECTLY INELASTIC
