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Aneli [31]
3 years ago
12

An accountant has been engaged to compile the financial statements of a nonissuer. The financial statements contain many departu

res from U.S. GAAP because of inadequacies in the accounting records. The accountant believes that modification of the compilation report is not adequate to indicate the deficiencies. Under these circumstances, the accountant should __________.
Business
1 answer:
melisa1 [442]3 years ago
5 0

Answer:

Withdraw from the engagement and provide no further service concerning these financial statements.

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In order to accurately assess the capital structure of a firm, it is necessary to convert its balance sheet figures to a market
vampirchik [111]

Answer:

$5,412,000

Explanation:

The semi annual interest = $20

Periods (n) till maturity are 10*2 = 20

Discounting rate is 12%/2 = 6%

Principal amount is $1,000

Market Value = 20 * PVIFA (20,6%) + 1,000 * PVIF (20,6%)

Market Value = 20 * 11.4699 + 1,000 * 0.3118

Market Value = 229.398 + 311.8

Market Value = 541.198

Market value = $541.20

Number of bonds = 10,000,000/1,000

Number of bonds = 10,000

Current market value = Number of bonds * Market value

Current market value = 10,000 * 541.20

Current market value = $5,412,000

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A correlation coefficient shows that alcohol consumption and driving accidents are indeed related. as a result, a researcher cou
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I believe the answer is: the number of driving accidents a person has will go up or down based on the number of  alcoholic drinks consumed

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You start to receive numerous bills for items that you never purchased. What should you do if you feel that you are victim of id
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A ___________ plan gives employees some ability to adjust hours when they work, as long as they work the required number of hour
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The correct answer is a flextime plan.

Flextime plans allow employees the freedom to work a variable schedule, provided that it is within the guidelines of the employer and they work their required number of hours.

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