Answer:
The full sentence is:
The audit of inventories may help in the auditor determination of <u>COGS </u><u>(</u>cost of goods sold) 2. It is difficult to audit <u>DEPRECIATION</u> without the consideration of the property account. 3. Amortization relates to <u>INTANGIBLE</u> assets like depreciation relates to property and equipment. intangible 4. Auditors consider the <u>BAD DEBT</u> expense when determining the correct allowance for doubtful accounts. sales 5. Financial statements that <u>UNDERSTATE </u>the results almost never lead to legal action by financial statement users.
EXPLANATION:
Cost of goods sold, is the relationship between sales and expenses necessary to produce and store a particular good.
Depreciation is the mechanism by which the wear and loss of value that a good or asset undergoes due to the use made of it over time is recognized.
What cannot or should not be touched receives the qualification of intangible
Answer:
Direct Material per foot = $4
Explanation:
total variable = Direct material + labor + variable overheard
$78 = D.M+ ( 1.5 hrs * $12) + ( 1.5 hrs *$8)
$78 = D.M + $18 + $12
$78 = D.M + $30
D.M = $78 - $30
D.M = $48
D.M (per foot)= $48/12 = $4
Answer: Option (d) is correct.
Explanation:
An indifference curve is a graphical representation of two goods which reflects all the combination of two goods to be consumed by the individual.
Indifference curves are convex to the origin and two indifference curves never intersect each other.
All the combination of two goods on a single indifference gives equal level of satisfaction and yield the same level of total utility.
Answer: The correct answer is that she pays her bills on time and does not have a lot of debt.
Explanation: A credit score of 720 is a good credit score, based on the graph. A good credit score means that you pay your bills on time and do not have too much debt.
Answer: $30 000 loss is deductible, $20 000 is suspended
Explanation:
Passive losses are only deducted from passive income. deduction is limited to $500 000 for jointly married couples and $250 000 single tax payers.
Passive income is $30 000, therefore $ 30 000 out of the $50 000 loss is deductible, the suspended loss is $20 000