Answer:
The answer is: A) No auditing procedures were performed after the date of the Year 1 auditor's report.
Explanation:
Since Gole is including a separate paragraph in the review report for Year 2 to describe his responsibility for the previous period's financial statement (Year 1), he should include in that paragraph the fact that he didn't perform any more audit procedures after he presented his review report for Year 1.
Idk but i would say somewhere around 2 years
Answer:
Organizational behavior is the academic study of how people act inside of groups. Its principles are applied primarily in attempts to make businesses work more efficiently
Answer:
The answers are:
- Dr accounts payable 1,000
- Cr cash 980
- Cr merchandise inventory 20
Explanation:
Since accounts payable is a liability, when it decreases, it should be debited. Since the merchandise was paid (less debt), then the company's liabilities decrease.
Since cash is an asset, when an asset decreases, it should be credited. LOL Music Store paid its debt in cash, therefore decreasing its cash account.
Since the purchase discount reduces the value of the inventory and inventory is an asset, when an asset decreases, it should be credited.
Answer:
A person who possesses a document of title can legally transfer ownership of the goods covered by it by delivering or endorsing it over to another without physically moving the goods.
