Confirm accounts receivable ending balances and sales terms, such as right of return and consignment arrangements.-- Existence and accuracy
What is an Accounts Receivable Confirmation?
When an auditor is examining the accounting records of a client company, a primary technique for verifying the existence of accounts receivable is to confirm them with the company's customers. The auditor does so with an accounts receivable confirmation
What does it mean to confirm account?
Account verification is the process of verifying that a new or existing account is owned and operated by a specified real individual or organization. A number of websites, for example social media websites, offer account verification services.
Learn more about Confirm account receivable:
brainly.com/question/13655761
#SPJ4
Answer:
win based on strict liability
Explanation:
Strict liability is a liability that is imposed on party by the claimant that proves that an action occurred and the defendant is responsible for it.
This provision does not require the claimant to prove a fault by the defendant. It is mostly used when an action is considered dangerous.
In this scenario Mike was blasting some holes in rocks. This is a dangerous activity that can cause harm.
Myra who broke her legs in the explosion only needs to prove Mike was responsible for the explosion that occurred for her to win based on strict liability provision.
I don’t know my name I don’t play by the rules of the game so you do say I’m not trying
Answer:
A
Explanation:
The answer to that Question would be A
Answer:
(1) rate = 25% of direct labor cost
(2) rate = 30% of direct materials
Explanation:
To determinate the rate We distribute the total overhead cost over a given cost driver.
factory overhead 117,000
direct materials 390,000
direct labor 468,000
(1) We are asked to use direct labor as a cost driver
117,000/468,000 = 0.25 = 25%
(2) We are asked to use direct materials as a cost driver
117,000/398,000 = 0.25 = 30%
