Option D
Under the First Amendment, Rita is guaranteed the freedoms of religion and speech.
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Explanation:</u></h3>
The First Amendment to the US Constitution is the section of the Bill of Rights and defends center American civil rights. The First Amendment defends Americans’ rights to the freedom of speech, press, assembly. Ere the twentieth century, most free speech concerns associated prior prescription.
The Court has also acknowledged a list of protests to provisions shielding the freedom of speech. Speech associated with national security or state secrets may likewise not be defended. Particular kinds of speech are not shielded, such as vulgarity, fight words, valid threats, child obscenity
Answer:
Historical cost principle.
Explanation:
Valuing assets is described as determining the fair value in market and also asset valuation which its inclusion are are bonds, stocks, property etc. And in above question it is known that cost is inconsistent with historical cost principle. Historical cost principle in the other hand is described as recording of assets when they are been purchased at it historical cost. It is also a bookkeeping basic principle. This has several tools that it works with which include cost, market value etc.
This here explains to us that every business has a cost that drives on and a market value which it is driven on.
Answer:
1. Under the Securities Act of 1933, initial purchasers of securities may sue the auditors for misleading audited financial statements and need not prove that they relied on the financial statements. The burden of proof is on the auditors to prove that they were <u>relied</u> in the performance of their work.
2. When CPAs are associated with <u>unaudited financial statements
</u>
, a possibility exists that the client may misinterpret the extent of the CPAs' services and believe that the accountants are acting as auditors.
3. A document including audited financial statements that must be filed with the SEC by any company intending to sell its securities to the public through the mails or interstate commerce is called a <u>Form S-1.</u>
4. When damage to another is directly attributable to a wrongdoer's act, <u>proximate cause</u> is said to exist.
5. An <u>engagement letter</u> is the written contract summarizing the relationship between the auditors and the client.
Answer: I. Thursday and III. Saturday
Explanation: To say that Isabelle has $84.00 in her account means that she has her own cash held in a bank. This means that Isabelle has a debit account and is likely using a debit card to for her deposits and purchases. A debit card is used to take out cash from her account, and not a line of credit. This means that the cash for every purchase she makes is withdrawn from her account which then debits, or decreases her balance. On the other hand every deposit into her account, increases the balance which is credited to her account.
The changes made throughout the week affected her account in the following way:
Day Debit(-) Credit (+) Balance
Openin bal: 84.00
Monday -22.35 61.65
Tuesday -47.60 +10.29 24.34
Wednesday -15.44 8.90
Thursday -11.25 -2.35
Friday -9.78 +22.69 10.56
Saturday -30.54 +18.86 -1.12
∴closing bal: = -1.12
From this it shows that Isabelle is charged an overdraft fee on Thursday (I) and Saturday (III) as she spent more than what she had in her account on those days.
Answer:
Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.
Explanation:
The journal entry is given below
Insurance expense A/c Dr $2,400
To Prepaid Insurance $2,400
(Being insurance expense is recorded)
The computation is shown below:
= Insurance premium ÷ number of months × required months
= $4,800 ÷ 4 months × 2 months
= $2,400 months
The 2 months is taken from November 1 to December 31
