Answer:
The correct answer is B. Maintenance of control over unused checks.
Explanation:
Risk of material misstatement is the risk that the financial statements contain material misstatements prior to the performance of the audit. The risk comprises two components, described as follows, in the statements:
Inherent risk - Susceptibility of a statement about a type of transaction, accounting balance or other disclosure of information to a misstatement that could be material, either individually or in aggregate with other inaccuracies, before taking into account the possible corresponding controls.
Control risk - Risk that an error that could exist in a statement about a type of transaction, accounting balance or other information relief, and that could be material either individually or in aggregate with other inaccuracies, is not prevented, or detected and corrected in a timely manner, by the entity's internal control system.
Answer:There are gains from trade but the distribution of these gains may not be the same for everyone
Explanation:There are some correlation between economic growth and trade.
Global economics intergration may be a potential factor that causes trade to affect economic growth positively.
When there is global intergration companies learn to adopt new technologies and those which doesn't may phase out ,dynamic firms which can export to the world experience an increase in demand and this lead to these companies gaining the advantage of operating on larger scale where price per unit product becomes lower. This means the company isnt restricted to their country of origin.
They can also lean and be innovative as they obtain more experience from exposures to certain technologies and adopt those technologies and certain standards that make these company compete efficient.
Answer:
$12.53
Explanation:
Data provided in the question
Par value = $1,000
Coupon rate = 2.5%
Reference CPI = 204.89
Now CPI = 205.44
By considering the above information, the correct calculation of the current interest payment is
= Par value × Current CPI ÷ Reference CPI × Coupon rate ÷ 2
= $1,000 × 205.44 ÷ 204.89 × 2.5% ÷ 2
= $12.53
We assume the interest is on semi annual payments
Answer:
Court ruled over in favor of the plaintiffs.
Explanation:
The result was that the court ruled in the favor of the plaintiffs because the contractor was statutorily barred from bringing an action to enforce payment because he doesn't has the residential home builder license and the amount of the contract satisfied statutory requirements.
