It should be noted that basic objective of a CPA firm is to provide professional services, and this is done by system of quality control.
With the establishment of quality control policies as well as procedure, reasonable assurance can be provided.
<h3>What are objective of a CPA firm?</h3>
The objective of a CPA firm is to be in control of the system and regulate the system activities.
objective of a CPA firm at;
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Answer:
Preemptive rights
Explanation:
Preemptive rights are a way of preventing the dilution of a shareholder's ownership in a corporation. Preemptive rights are set by a contract clause that establishes that in case the corporation issues new stock, then a current shareholder must be given the right to buy additional shares before the stocks are sold to other investors.
The preemptive right usually gives the stockholder the right to buy new stock in the same proportion as his/her current stock ownership. For example, if an investor currently owns 2% of the company's stock, he/she will be able to buy 2% of every new set of stocks issued.
Answer:
$284,000
Explanation:
Movements in the retained earnings account are as a result of the payment of dividend and the addition of the income or loss for the year.
Given that
Baxter generated revenues = $40,000
incurred expenses = $24,000
purchased equipment = $10,000 and
paid dividends = $4,000
Net income/(loss) = $40,000 - $24,000
= $16,000
Retained Earnings at September 30, 2012
= $272,000 + $16,000 - $4,000
= $284,000
Answer: These expansions of the Pepsi brand are termed: <u>"(D) Line Extensions".</u>
Explanation: The extension of the line is the creation of a new product with two fundamental characteristics: First, the product belongs to the same category in which the brand was already entering. Second, the organization continues to use the same brand that it traditionally used in that category.
