Why does the risk of incorrect rejection result in an efficiency loss to the auditor?

Question Mode Multiple Choice Question A corporation is created by obtaining a charter from: Multiple choice question. an attorn

Klio2033 [76]

In general, when a corporation is to be created, it gets its charter from the state government. 

Corporations:

Get their charter from a state government
Are bound by the laws of the state in which they are registered

The powers that state governments have in the United States include being able to license corporations and when they do this, that corporation is bound by their laws.

Corporations would therefore usually look for states with more lenient laws.

In conclusion, corporate charters come from the state government.

Find out more at brainly.com/question/7500912.

8 0

3 years ago

Gundy Company expects to produce 1,299,600 units of Product XX in 2017. Monthly production is expected to range from 73,600 to 1

SCORPION-xisa [38]

Monthly Flexible Manufacturing Budget

For the Year 2017

Activity level

Finished units 73,600 96,200 118,800

Variable costs

Direct materials($3) $220,800 $288,600 $356,400

Direct labor($6) $441,600 $577,200 $712,800

Overhead($9) $662,400 $865,800 $1,069,200

Total variable costs $1,324,800 $1,731,600 $2,138,400

Fixed cost

Depreciation[($6 * 1,299,600) 12] $649,800 $649,800 $649,800

Supervision[($2 * 1,299,600) / 12] $216,600 $216,600 $216,600

Total fixed costs $866,400 $866,400 $866,400

Total costs $2,191,200 $2,598,000 $3,004,800

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5 0

2 years ago

Casper Inc. issued shares of $1,000,000 in the current accounting period. How will this transaction affect the cash flow stateme

bixtya [17]

E is correct
Because is True

3 0

3 years ago

The character of a company's corporate culture is a product of:A. the shared values and core business principles and beliefs tha

natta225 [31]

Answer: Option E

Explanation: Corporate culture refers to the values and beliefs of an organisation that originates from its several different factors like strategy, customers and investors etc. The corporate culture of an organisation affects the attitude and behavior of all its members.

It sometimes works as a guide when the organisation faces an ethical dilemma. In a healthy corporate culture every employee in the organisation is treated with respect regardless of his or her status.

Thus, from the above we can conclude that the correct option is E.

5 0

3 years ago

Use the following information:

seraphim [82]

Answer:

Windswept, Inc.

The total dividends paid for 2017 is:

= $556.

Explanation:

a) Data and Calculations:

Windswept, Inc.

Income Statement for the year ended December 31, 2017:

Net Sales $9,740

Cost of goods sold 7,910

Depreciation 480

Earnings before interest and taxes $1,350

Interest paid 110

Taxable income $1,240

Taxes 434

Net income $806

Windswept, Inc.

2016 and 2017 Balance Sheets ($ in millions)

2016 2017 2016 2017

Cash $260 $290 Accounts payable $1,490 $1,460

Accounts rec. 1,060 960 Long-term debt 1,130 1,330

Inventory 1,900 1,740 Common stock 3,400 3,340

Total $3,220 $2,990 Retained earnings 670 920

Net fixed assets 3,470 4,060

Total assets $6,690 $7,050 Total liab. & equity $6,690 $7,050

The total dividends paid for 2017:

Retained earnings, Dec. 31, 2016 $670

Net income for the year, 2017 806

Less Retained earnings, Dec. 31, 2017 920

Dividends paid $556

6 0

3 years ago