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nadezda [96]
2 years ago
8

"The objective of external auditing is to provide opinions on the reliability of the financial statements and provide opinions o

n internal control effectiveness."
A. True
B. False
Business
1 answer:
muminat2 years ago
4 0

Answer:

A. True

Explanation:

You might be interested in
Most loans are paid back in __________ installments. a. daily b. weekly c. monthly d. yearly.
eduard
Pretty sure it’s C monthly
6 0
2 years ago
An account of an event created by someone who took part in or witnessed the event
castortr0y [4]
I think the correct answer would be primary source. It is an account of an event created by someone who took part in or witnessed the event. It is also known as original source.  It is any document, manuscript, diary, autobiography, artifact, recording or any source that was made at the time being studied. Examples are interviews, archives, photographs, letters, films and scrapbooks. When the data from these primary sources are obtained from other source wherein they are being analyzed and interpreted then these sources will be called as a secondary source. Examples are articles, books, magazines, surveys, internet resources.
8 0
3 years ago
Sandhill Company had cash receipts from customers in 2020 of $117,140. Cash payments for operating expenses were $104,320. Sandh
andriy [413]

Answer:

(a) service revenue = $117,920

(b) operating expenses = $98,110

Explanation:

The computations are shown below:

a. For service revenue

= Cash receipts from customers + ending balance account receivable - beginning balance of accounts receivable

= $117,140 + $15,400 - $14,620

= $117,920

b. For operating expenses

= Cash payments for operating expenses + beginning balance of prepaid expense - ending balance of prepaid expense

= $104,320 + $20,400 - $26,610

= $98,110

3 0
3 years ago
A net worth statement, insurance plan, and a budget are all part of a _____. saving and investing plan financial plan savings ac
Vera_Pavlovna [14]
<h3><u>Answer;</u></h3>

Financial plan

<h3><u>Explanation;</u></h3>
  • A net worth statement, insurance plan, and a budget are all part of a Financial plan.
  • <u><em>The parts of a good financial plan include a net worth statement, financial goals, a budget, a saving and investing plan, and an insurance plan.</em></u>
  • Financial plan is generated from financial information. There are five parts to a organize your financial information, these includes; net worth statement, financial goals, budget, saving and investing plan, and insurance plan. Another way to organize your financial information are bills, receipts, and account statements.
4 0
2 years ago
Read 2 more answers
A Plus Appliances sells dishwashers with a fourminusyear warranty. In​ 2019, sales revenue for dishwashers is $ 88 comma 000. Th
Ierofanga [76]

Answer:

Warranty Expense       (Debit)   $3,960

Warranty Liability                                        (Credit) $3,960

Explanation:

The principle we apply while making entries for standard warranty is this:

The <u>estimated amount of warranty expense</u>, <em>which a company founds as a percentage of its sales from historical claims and data</em>, is taken as benchmark to accrue the warranty expense in the period when the sale is made <em>(matching principle) .</em>

<em />

In our question, 4.5% is the estimated warranty expense.

The company then sets off the estimated warranty expense (Debit)

(<em>4.5% * $88,000 = $3,960</em>)

with the warranty liability (Credit) to entertain any claims in future.

3 0
3 years ago
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