1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
arlik [135]
3 years ago
12

An example of an external document that provides reliable information for the auditor is​ a(n) A. purchase order for company pur

chases. B. bank statement. C. carbon copy of a check. D. ​employees' time report.
Business
1 answer:
photoshop1234 [79]3 years ago
4 0

Answer:

B. bank statement.

Explanation:

A bank statement is a document provided by a bank once a month to its customers, listing the transactions made by an user in a bank account.The statement provides the following information: The beginning cash balance in the account. + The total amount of each deposited batch of checks and cash.

You might be interested in
Why can deadweight loss occur when a price is below the equilibrium even when some consumers benefit from it?
soldi70 [24.7K]

When a shortage occurs, some consumers are fortunate enough to benefit from a lower price if they purchase the good or service before the price increase occurs.

7 0
3 years ago
In America, being "normal" is
Stella [2.4K]
Being selfish I guess
7 0
3 years ago
Marlow Company purchased a point of sale system on January 1 for $5,800. This system has a useful life of 5 years and a salvage
xz_007 [3.2K]

Answer: $1392

Explanation:

The depreciation rate under straight line is =1/5=0.2

The depreciation rate under double declining is = 0.2 × 2 = 0.4

Depreciation expense for the first year = 0.4 × $5800 = $2320.

At the beginning of year two, net book value = $5800 - $2320 = $3480

Depreciation expense for year two = 0.4 × $3480 = $1392

7 0
3 years ago
6. Assuming the partial billing was approved for payment and the expenditure and liability (contracts payable) was recorded for
jenyasd209 [6]

Answer:

Option A, Credit to Cash, $560,000

Explanation:

As per the data given in the question,

Expenditure and liability = $700,000

Retaining percentage = 20%

Assuming the partial billing was certified for expenses and payments and liability was approved for amount $70,000. Though, Oxford has a policy not to pay 100 percent, but to retain  20 percent as a retained percentage.  

So, $700,000 - $700,000 × 20%

= $700,000 - $140,000

= $560,000

Therefore, The entry to record the approved payment and retained percentage would include:  

Option A, Credit to Cash, $560,000

8 0
3 years ago
Burns Industries currently manufactures and sells 23,000 power saws per month, although it has the capacity to produce 38,000 un
Dmitrij [34]

Answer:

Increase by $37,100.

It will accept any time the price is above $43 with the condition it will not incur in additional fixed cost.

$63. is the sales price that generates 106,000 dollar of operating income

Explanation:

As the units will not inccur in any additional fixed cost we should check for the contribution margin this units will provide:

50 dollars - 43 dollar of variable cost = 7 dollars

5,300 saws x $7 = 37,100

The sales reveues will increase by that amount.

(5,300 x $43 dollars each in cost + 106,000 contribution )/5,300 = sales price

sales price = 63

6 0
3 years ago
Other questions:
  • Why do people have piggie banks answer please
    11·2 answers
  • You are a student at ABC University. You recently read in the school's daily newspaper about a terrific investment opportunity t
    5·1 answer
  • James owns a vacant property. By law, he can build the following building types, which generate a return on investment as listed
    8·1 answer
  • In the context of financial management information systems, transaction processing systems or enterprise systems capture transac
    14·1 answer
  • Crane Company borrowed $1610000 from U.S. Bank on January 1, 2019 in order to expand its mining capabilities. The 5-year note re
    5·1 answer
  • The race to the bottom scenario of global environmental degradation is explained roughly like this:
    13·2 answers
  • What is journal entry is goods return to sanjay​
    15·1 answer
  • Freee brain hecbahvjserw bverwhjbvfsv
    14·2 answers
  • Jack's manufacture company have experienced inflation for the past three years as follows: the first year's periodic inflation r
    6·1 answer
  • The adjustment for overapplied overhead ______ net income.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!