<span>Work Breakdown Structure.</span>
The CPA or Certified Public Accountant's report should <u>state that the CPA performed procedures to evaluate management assumptions</u> when they examine a client's projected financial statements.
CPAs are public accountants who are licensed to practice their profession publicly and must always comply with the government's taxation practices and provisions of Statements on Standards for Accounting and Review Services.
Take note, CPA report doesn't refer to the their auditor's report on the historical financial statements. The report cannot also explain the principal differences between the historical statements and the projected financial statements.
Additionally, a CPA's report must not include the their opinion on the client's ability to continue as a going concern.
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<u>By choosing </u><u>high-risk ventures,</u><u> stockholders steal wealth from bondholders. The incentive for underinvestment is one of </u><u>bankruptcy's</u><u> </u><u>indirect costs. </u>
- Underinvestment would typically lead to - The company rejecting profitable proposals that would unquestionably be approved if the company were fully funded by equity.
How does a company's capital structure get impacted by bankruptcy costs?
- The likelihood of bankruptcy may rise as a result of higher capital expenses and increased risk.
- The company's WACC rises over the ideal level when additional debt is added to its capital structure, raising the cost of bankruptcy even more.
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Answer: The answer is C credit for other dependents
Explanation:
This is a reduction in tax liability given by the government to the tax payers for each of their children who still depends on the parent for some kind of support. The reduction in the tax liability given to parents include a sum of $500 for each of the children who still depend on their parents. This form of tax credit is given to children who is between the ages of 17- 23 years like in the case of Milo who is 17 years and unmarried. The chiidren who will enjoy this reduction in tax liability must be a students like in the case of Milo who is a full - time student working towards a degree in computer information system.
The tax credit criteria for qualification also include that the tax payers must be the one responsible for half of the dependent support, in addition, the dependent income must be low like in the case of Milo above whose income was $3,800 in wages and $400 of dividend income. This tax reduction can also be given to tax payers in respect of parents or grand parents who still depends on the tax payers for support. To also qualify for the tax reduction the dependent in question must be a United States citizens and must have a valid social security numbers like in the case of Milo above and Aurora the parent who are both U.S citizens and also they possess a valid social security numbers
Answer:
September 29, 202x, petty cash fund established
Dr Petty cash fund 330
Cr Cash 330
September 30, 202x, petty cash fund's expenses
Dr Transportation expenses 52
Dr Postage expenses 71
Dr Miscellaneous expenses 147
Dr Cash short and over 14
Cr Petty cash fund 284
September 30, 202x, petty cash fund replenished
Dr Petty cash fund 284
Cr Cash 284
October 1, 202x, petty cash fund is increased
Dr Petty cash fund 55
Cr Cash 55
