I think the answer is D. i’m not really sure but i’m sorry if it is wrong
Answer:
Because this transaction MEET the control of the corporation requirement, Janice has income of $0 and Thom has income of $
Explanation:
Based on the information we were told that Thom provide service that is worth $40,000 which means that the amount of $40,000 is Thom income but we were not told that Janice has an income, which means that Janice will have an income of $0.
Hence, Because this transaction MEET the control of the corporation requirement, Janice has income of $0 and Thom has income of $
40,000.
Answer: Option B
Explanation:
In simple words, attestation engagement refers to the preparation of reports and investigation by a third party on the order or request from the client's side.
Attestation engagement requires independence in the working of the investigator. Audit is an example of attestation engagement.
Hence from the above we can conclude that the correct option is B.
I believe the correct answer from the choices listed above is option C. During an OSHA inspection, you <span> have the right to talk to the inspector privately. Hope this answers the question. Have a nice day. Feel free to ask more questions.</span>
Answer:
Explanation:
The following statement is false and true
1. Indirect costs are traced to cost objects - This statement is false because it is not directly traced to the cost objectives. It is traced through the cost drivers.
2. Yes, this statement is true because the cost drivers are used to allocate the indirect cost to their cost objects
3. Yes, this statement is true because for computing the allocation rate, we have to divide the total allocation cost to its allocation base
4. Yes, this statement is true because the cost drivers play very important for cost allocation. Without cost drivers, the allocation of the cost would not be possible
5. This statement is false because depreciation should be allocated based on its useful life rather than the number of square feet because the number of square feet occupied is used to allocate the renting cost