The correct answer is B. Taking out loan to go on vacation.
Liability is termed as future sacrifices of benefits which are obliged to other entities. There are characteristics which explains what is liability.
For example, A type of borrowing from banks or from persons to improve personal income and which is being paid within the given period of time.
Liability can be based on constructive obligations or equitable obligations.
We can say that we get the asset when liability is being added to owners equity.
Answer:
It is used to determine sample size, select and evaluate sample. So,options A to D are correct
Explanation:
When a financial statement line item deviate from its true amount without impacting a justified presentation of the entire financial statements, their occur a deviation in amount. This deviation in amount is known as TOLERABLA MISSTATEMENT.
Tolerable misstatements is used by auditors to evaluate the financial statements of a client.
Material misstatements are the addition of tolerable misstatements in several financial statement line items.
Tolerable misstatements are used to determine sample size, select the sample and evaluate results.
Gender schema encourages stereotyping due to the teachings of the customs/traditions of the cultures they’re brought up in. for example, some cultures like in the middle-east teach children that women should stay in the house, cook, clean & be modest, whereas other cultures such as switzerland, denmark, and sweden teach children that women have the same rights as men and can live the lifestyle she wishes to live. this encourages stereotyping as some cultures stereotype a persons gender and automatically give them “roles” due to their gender.
Prices are determined in a free market economy through the interactions of supply and demand in the Marketplace <span>where demand is the quantity of a product that buyers are willing to purchase according to a given price and supply is the amount of a product that sellers can vendor to customers at a given price.</span>
