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earnstyle [38]
3 years ago
14

The auditor should perform tests of controls when the auditor's assessment of the risks of material misstatement includes an exp

ectation of the operating effectiveness of internal control or when
Business
1 answer:
morpeh [17]3 years ago
5 0

The auditor should only perform tests of control when the procedure of which are substantive alone are not enough to provide sufficient evidence in which should be at the relevant assertion level and by that, the auditor should perform test on the controls.

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Kubin company’s relevant range of production is 20,000 to 23,000 units. when it produces and sells 21,500 units, its average cos
Afina-wow [57]
<span>The cost per unit is derived from the variable costs and fixed costs incurred by a production process, divided by the number of units produced. Hypothetically lets say variable costs for Kubin company's production is $50,000 and their fixed costs are $25,000. $50,000 variable costs + $25,000 fixed costs / 21,500 units = $3.49/unit.</span>
6 0
4 years ago
In the video game console industry, Magnitude was the first firm to introduce a console in the market. However, consumers were u
Vanyuwa [196]

Answer:

B. early followers

Explanation:

Based on the information provided within the question it can be said that in this scenario Mantel and Adventura would be considered early followers. Early Followers or better known as First Followers, refers to the company or companies that enter the market shortly after the first company has already entered into that market. They do this to see the barriers that the first company has already overcome and are able to do it easier.

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3 years ago
Research suggests that passengers substantially increase the risk of a collision __________ . A. for all drivers B. only when an
igomit [66]
Research suggests that passengers substantially increase the risk of a collision <span>only when another distraction is involved.</span>
7 0
4 years ago
Read 2 more answers
Max, a single taxpayer, has a $270,000 loss from his sole proprietorship. How much of this loss is deductible after considering
Lunna [17]

Answer:

Option "B" is the correct answer to the following statement.

Explanation:

According to excess business loss rules, $500,000 is deductible to joint return and $250,000 deductible for a single taxpayer or single return.

In this situation, Max is a single taxpayer so, he would receive a maximum $250,000 loss deduction under excess business loss rules.

Therefore, Max's maximum deductible amount is $250,000.

6 0
3 years ago
Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During
dimulka [17.4K]

Answer:

paid in capital in excess of par value = $2000

and There will be a debit to Organisation expenses for $4,700

Explanation:

given data

charter authorized = 100,000 shares

common stock = $10 par value

issued  = 270 shares      

payment = $4,700        

solution

we know here that

Paid up value of the stock = $10 per share

and here shares issue to the attorney satisfying the organisation expenses is 270 shares

so common stock = 270 shares × $10

common stock =  $2700

so paid in capital in excess of par value = $2000

and There will be a debit to Organisation expenses for $4,700

8 0
3 years ago
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