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Likurg_2 [28]
3 years ago
9

When the auditors of a nonpublic company are unable to comply with generally accepted auditing standards, they should issue an o

pinion that is unmodified, but include an additional emphasis-of-matter paragraph in the report.a) trueb) false
Business
1 answer:
serious [3.7K]3 years ago
7 0

Answer:

The correct answer is B. False.

Explanation:

An unqualified or normal opinion is issued in the event that the auditor, after obtaining sufficient and competent audit evidence, is fully satisfied with the reasonableness of the financial statements and their preparation in accordance with generally accepted accounting principles and standards applied to a base consistent with previous years. This satisfaction of the auditors is presented in the report in a clear and affirmative manner.

In issuing an unqualified opinion, the auditor tacitly expresses that if there have been changes in accounting principles or in the method of application, the relative effects of these have been determined and correctly presented in the financial statements.

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Rowanda could not settle her tax dispute with the IRS at the appeals conference. If she wants to litigate the issue but does not
Ray Of Light [21]

Answer: D) Tax Court

Explanation:

Tax court of United States is court that is made for hearing tax-related issue and problem and then judgment is made on the disputes.According to the question, Rowanda should appeal to U.S. tax court for her tax disputer with IRS so that appropriate decision can be made in legal way.

Other options are incorrect because the United state's court of Appeals, federal claim and district are not the place where tax related disputes are legally handled and heard.Thus, the correct option is option(D).

8 0
3 years ago
Which statement about demand is true?
NISA [10]

Answer:

B. the demand for a product and its price has a direct relationship

Explanation:

demand comes from the price which ultimately effects the proportions with the consumers purchasing the product. if the product is good enough with a fair price to come with it, the demand will increase, or if a product becomes more scarce the demand for it will increase along with the price raising.

3 0
3 years ago
An investor purchased on margin Orange Computer for $30 a share. The stock's price subsequently increased to $50 a share at whic
kicyunya [14]

Answer:

A. 104%

B. 66.7%

Explanation:

A. Calculation for what would be the percentage return earned

Percentage return =($50-$30-30*60%*7%)/30*60%

Percentage return(20-$18*.07)/18=

Percentage return=1.04*100

Percentage return=104%

Therefore what would be the percentage return earned is 104%

B. Calculation for What would have been the return if the investor had notbought the stock on margin

Percentage return=($50-$30)/$30

Percentage return=$20/$30

Percentage return=66.67 %

Percentage return=66.7% Approximately

Therefore What would have been the return if the investor had notbought the stock on margin is 66.7%

7 0
2 years ago
Saira's Maid Service began the year with total assets of $120,000 and stockholders' equity of $40,000. During the year the compa
Snezhnost [94]

Answer:

Stockholders' equity at the end of the year was $110,000.

Explanation:

Beginning Balance of Stockholder's Equity = $40,000

Net Income for the year = $90,000

Dividend declared in the year = $20,000

Ending Balance of Stockholder's Equity = Beginning Balance of Stockholder's Equity + Net Income for the year -Dividend declared in the year

Ending Balance of Stockholder's Equity = $40,000 + $90,000 - $20,000

Ending Balance of Stockholder's Equity = $110,000

8 0
3 years ago
When an employee evaluates his or her manager low on all performance criteria due to dissatisfaction with the manager's disposit
yarga [219]

Answer:

The employee has most likely committed a <u>Horns error</u>.

Explanation:

The horns error occurs when <u>one attribute</u> of an individual (which may be positive or negative), <u>creates a bias that influences how that individual is perceived overall</u>.

<em>If an employee is dissatisfied with his manager's disposition and this dissatisfaction influences the employee to rate the manager low on all performance criteria, then the employee has committed a horns error.</em>

5 0
3 years ago
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