Answer:
$35,260
Explanation:
Calculation to Determine the proper amount of net income for 2021
Unadjusted net income $33,000
Adjustments:
a. Insurance expense overstated $2,800
[4,200-(4,200/3)]
b. Sales revenue overstated $(675)
c. Supplies expense overstated $645
d. Interest expense understated $(510)
(12%*17,000*3/12)
Adjusted net income $35,260
Therefore the proper amount of net income for 2021 will be $35,260
The Auditing Standards Board has concluded that analytical procedures are so important that they are required during planning and completion phases.
The American Institute of Certified Public Accountants has designated the Auditing Standards Board as its senior technical committee for the purpose of issuing standards, guidelines, and auditing, attestation, and quality control statements to certified public accountants for audits of non-public companies.
The Auditing Standards Board (ASB) provides certified public accountants with standards, guidelines, and auditing, attestation, and quality control statements (CPAs). It is the senior technical committee of the AIPCA and is in charge of creating generally recognized auditing standards (GAAS) for private enterprises.
Learn more about Auditing Standards Board (ASB) here
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Answer:
yes, there is no separation between the administration and ownership in a partnership.
the partnership contract stipulates which partners have the decision making ability and which partners don't. We cannot say specifically that limited partners have no say in decision making.
Moreover, the control of the partnership is not based on the amount invested like in corporations. that too is based on the contract. however, in practice, yes if you have more money invested in the business, you have more influence.
Explanation:
Answer:
11.63 million dollar
Explanation:
In 2005 the construction cost index was 1746 , in 2015 , it was 3260.
change in index in 10 years = 3260-1746 = 1514
change in 5 years ( estimated ) = 757
Estimated index in 2010 = 1746 + 757
= 2503
Estimated index in 2020 = 3260 + 757
= 4017
Value of building in 2010 = 1746 million dollar
Value of similar building - X
X / 1746 = index in 2020 (probable ) / index in 2010
X / 7.25 = 4017 / 2503
X = 11.63 million dollar
Answer:
A) Consider sending a printed message.
Explanation:
According to the scenario, the most sensible step to get an important response from a supplier after the supplier has not responded would be to send a printed message.
This option would be ideal among the other alternatives above, as it demonstrates that you understand that the supplier may not have seen or been aware of your question, even if numerous e-mails have already been sent, and still awaits an answer , in accordance with professional and ethical communication standards.
