Answer:
The answer is letter C.
Explanation:
The situation that would not result in auditors adding an additional paragraph to their report is reference to a departure from GAAP that is material, but not pervasive, to the financial statements.
Hard question thx for the points give me brainlest points plz
Answer:
C. $19,500 if this amount is not material, Big Homes expects to continue the practice of offering rebates in future years, and Big Homes expects to pay the accrued rebates before filing their tax return for this year.
Explanation:
They are viewed in the tax law as a reduction to the purchase price of the item. Thus, this decreases the income from the houses.
Is important to consider that this must be part of the commercial activity from Big Homes and in subsequent years this rebates will continue to occur.
Thus, if Big Homes Corporation pay the accrued rebate it confirms the discoutn and thus, the deduction.
Ray is a shareholder of a small company. When the director falls to undertake an action it falls under derivative suit.
Explanation:
- Derivative suit is referred to as a law suit that is brought by the shareholder in behalf of the company against the third party.
- If in a company the employees, the directors as well as the officers are not ready to file a complain against the third party then the shareholder has the right to file a complaint against the third party.
- Derivative suit is normally filed by the shareholder when there is a mismanagement in the company. To stop the illegal work this action is being taken.
Answer:
The correct answer is the option A: government regulations.
Explanation:
Government regulations are those that could influence the business' operations in order to make them more profitable or less profitable. Therefore that this type of intervention is not a major advantage of a coporation due to the fact that most of the government regulations <em>tend to generate more difficult situations in where to operate and manage the business</em> in order to facilitate and improve the benefits from the employees and from the society, which is good in general, but sometimes difficult the fact of managing the organization.
