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liraira [26]
4 years ago
7

Which of the following professional services would be considered an attestation engagement?A. Advising management in the selecti

on of a computer system to meet business needs.B. Preparing the income statement and balance sheet for one year in the future based on client expectations and predictions.C. Advocating on behalf of a client about trust tax matters under review by the Internal Revenue Service.D. Providing financial analysis, planning, and capital acquisition services as a part-time, in-house controller.
Business
1 answer:
spin [16.1K]4 years ago
5 0

Answer: Option B        

 

Explanation:

In simple words, attestation engagement refers to the preparation of reports and investigation by a third party on the order or request from the client's side.

Attestation engagement requires independence in the working of the investigator. Audit is an example of attestation engagement.

Hence from the above we can conclude that the correct option is B.

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Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme
lakkis [162]

Answer:

Option D , $15.12

Explanation:

Weighted-average method :

Materials

Units transferred to the next department = 10,300

Ending work in process:

Materials: 1,200 units × 90%  = 1080

Equivalent units of production  =10,300+1080= 11,380

Materials

Cost of beginning work in process inventory= $2,700

Costs added during the period  = $173,900

Total cost (a)  =$173,900+$2,700 = $176,600

Equivalent units of production (b)= 11,380

Cost per equivalent unit (a) ÷ (b) = $15.51

The cost per equivalent unit for materials for the month in the first processing department is closest to $15.51

3 0
3 years ago
According to AAA the average monthly maintenance cost on a used car is $75 per month. You are looking to pay cash for the exact
Colt1911 [192]

Answer:

Dealer "B"  at $5,595.00

Explanation:

Comparison of cost charges for dealer A and dealer B will have to include the one-year maintenance offered by dealer B.

The cost for dealer A will be

maintenance for one year= $75 x 12=  $900

cost of the car=  $4,995.00.

total cost for dealer A

= $4,995.00 + $900

=$5,895

The cost from dealer B is $5,595.

Dealer B has the better deal as they are cheaper by $300

( $5,895- $5,595)

5 0
3 years ago
Classify each possible change listed according to whether it will make small farms more efficient or less efficient based on the
dybincka [34]

Full question:

Classify each possible change listed according to whether it will make small farms more efficient or less efficient based on the information in the Washington Post article Small vs. Large: Which Size Farm Is Better for the Planet:

Plant more disease-resistant crops, reduce the number of different crops planted, avoid planting genetically modified crops, rely more on organic rather than synthetic methods of farming,

Answer and Explanation:

Plant more disease-resistant crops is classified under more efficient and Less costly. The writer believes disease resistant crops increase efficiency as there is reduced occurrence of death of crops and consequent increased losses and costs

Reduce the number of different crops planted is classified under more efficient and less costly. The writer emphasizes specialization in farming whereby for example planting rice or corn should be done alone and not mixed with other crops as this would be less efficient and costly.

Avoid planting genetically modified crops is classified less efficient and more costly. The writer encourages planting genetically modified crops as genetically modified plants are geared towards increased plant product and yield from genetically optimized plants

Rely more on organic rather than synthetic methods of farming is classified less efficient and more costly. In the article, the writer believes chemically induced crops are bad for the environment and don't yield much in efficiency with time

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3 years ago
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Why would a business owner lower the price of a product?
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