Answer:
a. want to avoid potential disputes.
Explanation:
The auditors are liable to report all the acts of the company, whether are in confirmation of law or not. This is because it is their duty to put a review on the balance sheet, and provide the users of such balance sheet the trust on the information presented.
Even if the agreement do not provide for complete details making it a valid contract this is sure that they need to act properly so that any moral dispute do not occur and that, all the work is done according to the responsibilities.
Answer:
Option (c) is correct.
Explanation:
The GDP Deflator is defined as the measure of price level of all the domestically produced final goods and services in a particular year. Consumer price index is a measure of price level of a fixed basket of goods purchased by a consumer.
GDP Deflator is not based on the fixed basket of goods and services but CPI is based on the fixed basket of goods.
The formula for GDP Deflator is as follows:
= (Real GDP ÷ Nominal GDP) × 100
Answer:
d) void
Explanation:
From the question we are informed about Vernon who signed a contract with Cameron allowing Cameron to deal cocaine on Vernon's property. This contract is void because neither party can legally enforce it.
Contract can be regarded as an agreement that exist between two or more parties to perform some obligations, and the agreement must be enforceable by law. For the agreement to be enforceable legally, then the contract must be a valid offer, mutual assent, the obligation must be legal. But in the case above dealing with cocaine is illegal , hence the contract is void.
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Answer:
a.An increase in inventory
An increase in inventory is an increase in the working capital which means more cash is being spent on buying inventory, therefore the addition to inventory is a decrease in cash flow when calculating cash flow using an indirect method.
Explanation: