Is there choices or nope?
Answer:
Clustering
Explanation:
Clustering in business sense is concentration of similar type of companies, suppliers and companies associated with them in a particular geographical location. Geographical proximity tends to collectively improve the productivity of all the companies. The reason behind this is that it increases competitiveness, quickens the supply of goods and services necessary for carrying out business activities.
One of the examples of this could be Silicon Valley in California which is hub of technology-oriented companies.
Common corroborating procedures include examination of supporting evidence, inquiries of independent persons, and evaluating evidence obtained from other auditing procedures.
<h3>What is
evidence ?</h3>
- Evidence refers something that can be used to prove something.
- For example, the evidence presented at the trial, or the trail of breadcrumbs following Hansel's trail through the woods.
- Evidence is an item presented by a party to make the auditing of a fact more or less likely.
- Evidence may take the form of testimony, documents, photographs, videos, audio recordings, DNA tests, or other physical objects.
- There are two types of evidence for auditing . direct evidence and circumstantial evidence testimonies.
- This is one of the most common forms of evidence given orally or in writing by a witness under oath.
- It can be obtained in court, by affidavit, or by affidavit.
To learn more about evidence from the given link :
brainly.com/question/14370298
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Answer:
C) increase liabilities and assets by $20,000.
Explanation :
Any financial transaction affects both assets and liability equally. If asset is increased , liability also is increased and vice-versa.
In the given problem , Option A and option B states that while one increases , other decreases. which is not possible .
So option C is correct.
Answer:
Total revenue: $46 million
First year costs: $12 million
Estimated first year costs(EFYC): $28 million
Cost to date for the projec (CTD): $12 million
Given this information, the first thing to do is to calculate the percentage % of completion. The formula is stated below.
Percentage of completion ( CTD / EFYC )
CTD / TEC = (12000000/28000000)
CTD / TEC = (42,85%)
Then multiply the Percentage of completion * Total Revenue
42.85%*46.000.000 to obtain the revenue for period 2.
The loss that the company must present in their statements for year 1 is: Loss for period 1 =$12.000.000