Answer:
Audit
<h3>What is an audit defined as?</h3>
- Auditing is defined as the on-site verification activity, such as inspection or examination, of a process or quality system, to ensure compliance with requirements.
- An audit can apply to an entire organization or might be specific to a function, process, or production step.
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Answer:
$27,000
Explanation:
Taylor share $39,600
(2,200 * 18)
Add: Corner share Acquired $35,100
(1,300 * 27)
Add: incremental value $2,300
Less: Cash paid <u>$50,000</u>
Value of Taylor's Hardware <u>$27,000</u>
after the acquisition
$20,995
Cost of goods sold:
17,500 Beginning inventory
+19,252 Plus purchased inventory
- $15,757 Minus ending inventory
=20,995 Cost of Goods Sold
Answer: Antitrust law
Explanation:
The Clayton Antitrust Act of 1914, was a part of the United States antitrust law with the aim of adding further substance to the United States antitrust law regime.
The Clayton Act was to prevent anticompetitive practices. It was enacted in 1914 with the objective of strengthening Sherman Antitrust Act. When Sherman Act was enacted in 1890, the regulators realized that that the act had some weaknesses which made it impossible to prevent anti-competitive practices in businesses so the Clayton Act addressed the issue.
Answer:
The Multi-step income statement is attached, Please find it
Explanation:
The multi-step income statement is attached with this answer please find it.
Gain On Disposal will appear in the other income section of the multi-step income statement
Cost of goods sold will appear in the cost of goods sold section of the multi-step income statement
Depreciation expense will appear in the operating expense section of the multi-step income statement
Sales returns and allowances will appear in the sales / net sales section of the multi-step income statement
