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Tomtit [17]
3 years ago
14

When engaged to compile the financial statements of a nonissuer, an accountant should possess a level of knowledge of the entity

’s accounting principles and practices. This most likely will include obtaining a general understanding of the
A. Risk factors relating to misstatements arising from illegal acts. B. Design of the entity's internal controls that have been implemented. C. Stated qualifications of the entity's accounting personnel. D. Internal control awareness of the entity's senior management.
Business
1 answer:
NeTakaya3 years ago
7 0

Answer:

C. Stated qualifications of the entity's accounting personnel

Explanation:

According to my research of the steps that are usually taken when compiling the financial statements of a non-issuer, it can be said that the accountant should know the stated qualifications of the entity's accounting personnel. This is because they should know what the qualification are of the accountant that initially made all the financial statements to see if they actually knew what they were doing.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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The classical dichotomy and the neutrality of money
GalinKa [24]

Answer:

1. Relative price = $3

2. Increases

3. affects , not affect

Explanation:

As per the data given in the question,

1) The relative price of a paperback novel in 2016 = Maria,s wage ÷ Price of a paperback novel

= $54÷$18

= $3

2) Between 2011 and 2016, the nominal value increases and the real value of Maria's wage remains the same.

3)Monetary neutrality is proposition that the change in the money supply affects the nominal variables but it does not affect the real variables.

3 0
3 years ago
1.The Broomfield Bricklayers has a bond issue outstanding with an annual coupon rate of 9%. The par value of the bond is $1,000.
Charra [1.4K]

Answer:

answer 1.   9.24%

answer 2.   13.24%

Answer 3.  22.48%

Answer 4.   $1,134.20

Explanation:

answer 1

Coupon amount = Face value * coupon rate

=1000*9%

=$90

current price of bond=$974

Current yield = Coupon amount/current price of bond

=90/974

=0.09240246407 or 9.24%

answer 2.

sale price after one year = 1103

purchase price or opening price = 974

Capital gains yield = (Sale price - Purchase price)/Purchase price

=(1103-974)/974

=0.1324435318 or 13.24%

Answer 3

One year coupon received = $90

Expected return of bond = Current yield + Capital gains yield

=0.09240246407+0.1324435318

=0.2248459959 or 22.48%

Another formula:

Expected return on bond = (Coupon received + sale price - purchase price)/Purchase price

(90+1103-974)/974

=0.2248459959

or 22.48%

Answer 4

Calculator inputs

I/Y (discount rate)= 8%

N (number of periods ) = 10

PMT (coupon amount) = 1000*10% =100

FV (face value) = 1000

press CPT and then -PV

Answer will be $1,134.20

3 0
3 years ago
The idea that it is often necessary to negotiate a shared meaning in order for satisfying communication to occur relates to whic
tresset_1 [31]

Answer:

Letter c is correct.<u> Environment and noise affect communication.</u>

Explanation:

The communication process is extremely relevant to any business. It is through communication that the action process begins, the expression of ideas and objectives, the exchange of knowledge, interaction and other factors that help the organization to achieve its objectives and goals.

Therefore, in this matter, the most appropriate alternative is that the organizational environment and noise affect communication.

This is because the organizational environment is a reflection of how the communication process is carried out within a company. Through clear, direct and ethical communication, it is possible to transform the company's internal and external environment, the way employees work, create value, improve the perception of stakeholders, reduce noise, and improve the coordination of all processes organizational, which ensures greater possibilities for the organization to be well positioned in the market in which it operates.

6 0
4 years ago
3. Why accrue an expense?
statuscvo [17]
Because accrued expenses represent a company's obligation to make future cash payments, they are shown on a company's balance sheet as current liabilities.
8 0
3 years ago
Which of the following would not be listed under cash outflows in a financial plan? a. car payments b. insurance premiums c. int
Tems11 [23]

Answer:

The answer is C. interest earned

Explanation:

Cash inflow is the money going into the business while cash out is the money going out of the business.

Car payment is an outflow. Money is going out to acquire a car.

Insurance premium is an outflow. Money is going out by purchasing an insurance package.

Mortgage payment is also an outflow.

Only interest earn is an inflow. Money is coming maybe from an investment that has happened in the past.

8 0
3 years ago
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