Answer:
Required:
Prepare the stockholders’ equity section of the balance sheet at December 31.
Explanation:
check the file attached for the balance sheet at December 31.
Answer:
The answer is stated below:
Explanation:
If the SEC and the AICPA, worked altogether in order to share the information, they might have detected the fraud prior. The case states that the Madoff Securities does not required to submit the peer review program to AICPA as Friehling, had recorded that he did not perform or conduct any audits.
Recommendation
1. The policy execution for the exchange of the information among the two firms would be useful to detect the fraud.
2. The PCAOB should spend more resources an attending the hotline of whistle blowing through executing the policies which need certain complaints to be addressed effectively.
3. The firms or company should have done more in order to verify the financial statements assertions, which surrounds the investments. The PCAOB need to execute the policy that require the companies (such as Madoff Securities) to correctly answer the inquiries of the auditor.
It depends in if you noticed or not because if you did you would be responsible for telling them. if you didn't notice then it would be their responsibility.
hope that helped
Answer:
E. 115 boxes.
Explanation:
d: 10 boxes/day
p: 36 boxes/day
n: 365 days
s: $60
H: $24 box/year
D: d*n
D= 10*365= 3650 boxes/year
EPQ = 
EPQ=
EPQ= 158.96 = 159 units
I=Q/P * (p-d)
I=159/36 * (36-10)
I=114.83
115 boxes aproximately