Answer:
The understatement of the ending inventory balance would result in an overstatement of the cost of goods sold. This will in turn result in an understatement of the gross and net profits for the year in the p/l.
Explanation:
The relationship between the elements of inventory in a financial statement is as shown below,
Opening balance + purchases - cost of goods sold = closing balance
As such, the understatement of the ending inventory balance would result in an overstatement of the cost of goods sold. This will in turn result in an understatement of the gross and net profits for the year in the p/l.
Answer:
a. $0
Explanation:
The business would not be subject to taxation in a state until nexus is established; thus the Chipper’s Apportionable income <u><em>(which means income of any class or type or any activity, that fulfils the connection or criteria described either in the "functional test" or "transactional test,”.)</em></u> that is taxed by X equals $0
Answer:
A. is sometimes called a clean opinion.
Explanation:
The standard unmodified audit report is the report where the auditors said the financial statement of the company are prepared by keeping all material aspects and it is complied with the accounting standards
It is also known as a clean opinion
Therefore as per the given situation, the option A is correct
hence, the same is to be considered
Answer:
Testing process...?
Would have been better if given options...
Answer:
Hackers probably and even if only one person leaks something, it'll travel fast.
Explanation:
