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Bezzdna [24]
3 years ago
13

If mistakes or fraudulent reporting behavior are discovered, auditors require the company to correct all significant information

before issuing financial statements.
TRUE or FALSE.
Business
1 answer:
stepladder [879]3 years ago
6 0

Answer:

The correct answer is True.

Explanation:

In the context of the audit of financial statements, fraud consists of recording intentional errors in the financial statements. The two main fraud categories are: fraudulent financial reports and asset misappropriation.

Fraudulent financial reports are characterized by containing errors or intentional omissions in the amounts with the intention of deceiving users. Most cases of fraudulent financial reports overestimate assets and income or omit financial liabilities and expenses to show higher income.

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Whether a firm has growth or value and how this firm characteristic affects an estimate of the cost of equity is called the ____
Dahasolnce [82]
It is called value factor. There are two kinds of value factor one is present value factor and second is future value factor. The business or anything in the business has their value on their own. The future value factor is used to calculate the future value of the amount per dollar of its present value. It is the amount greater than a dollar and you can see this on the table when you calculate the future value or FV. Present Value factor is based on the time and money when you borrow or it is the debt that can grow in the span of time. 
5 0
3 years ago
Choosing products that do not harm the environment and gathering information about a product's quality are examples of _____.
Nady [450]

Answer:

consumer responsibility.  This is when consumers purchase goods that would not harm the environment or would not be hazardous to one’s health.  They make healthy and environment-friendly choices in buying items that they need.  These are usually people who are concerned about what they buy and how it would affect not only them but the area surrounding them.

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3 years ago
Monty loaned his friend Ned $24,000 three years ago. Ned signed a note and made payments on the loan. Last year, when the remain
Airida [17]

Answer:

Short term capital loss and $10,800

Explanation:

Remaining balance - Capital gains

$18,000 - $7,200 = $10,800

Monty can report the bad debt of $18,000 as short term capital loss since it is expense for the business and receivables are not recoverable. This amount can be reported as loss of the business.

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Suppose you borrow at the risk-free rate an amount equal to your initial wealth and invest in a portfolio with an expected retur
zhuklara [117]

Answer:

The answer is

2(16) - (4) =28%

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: ____ refers to all of the pay and benefits provided to employees for the completion of work.
steposvetlana [31]
The answer is total compensation. 
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