All economic systems must answer the 3 basic questions:
1. What goods and services will be produced
2. How will the goods and services be produced?
3. Who will consume the goods and services?
Answer:
seven days.
Explanation:
Securities and Exchange Commission Form X-17A-5 Part II specifically states that brokers or dealers must deduct any differences resulting from aged short securities:
<em>"Deduct the market value of all short securities differences unresolved for 7 business days after discovery and the market value of any long security differences where such securities have been sold by the broker or dealer until they are adequately resolved, less any reserves established therefor." </em>
Answer:
d
Explanation:
Unearned fees is recorded on a company's statement of financial position(balance sheet) as a liability. Unearned Fees is presented as a liability because the revenue has still not been earned and relates services owed to a customer. .
See IFRS 15 for further clarity..
Answer:
its either b or c, im more confident about b though
Explanation
Answer: The correct answer is "d) The accounts payable manager issues purchase orders.".
Explanation: A member of a company cannot charge with 2 functions of authorization and maintenance of related records, that is to say it is incompatible because it should not have the possibility of committing errors or hiding frauds, in that case it would cause a weakness, that is why the authorization and the Maintenance of related records must be separate functions.