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Vinil7 [7]
2 years ago
9

1. A company hires one of its board members, a CPA, to issue accounting reports for thecompany. Assuming any required disclosure

s are made, which of the following reports may theCPA issue without violating independence rules.B. ReviewsC. AuditsD. Agreed»upon procedures
Business
1 answer:
Stella [2.4K]2 years ago
4 0

Answer:

Compilations.

Explanation:

A compilation is part of the write-up service of accounting firms that involves conversion of data into financial statements without providing assurances or auditing services.

A compilation report usually accompanied the financial statements to show that data is well represented, and also to show that there has been no audit so the accountant is not giving an opinion.

So the CPA will not be violating independent rules by working on compilations.

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Riverbed Company designated Jill Holland as petty cash custodian and established a petty cash fund of $236. The fund is reimburs
11Alexandr11 [23.1K]

Answer:

The journal entry is shown below:

Explanation:

According to the scenario, the journal entries for the given data are as follows:

Petty cash A/c Dr  $236

To Cash A/c $236  

(Being establishment of the fund is recorded )

Office supplies A/c Dr  $94

Misc. Expense A/c Dr $89

Cash Over / Short Dr $22             ( $236 - $31 - $89 - $94)

To Cash A/c  $205                        ( $236 - $31)

(Being Reimbursement of the fund is recorded)

5 0
3 years ago
Cold Goose Metal Works Inc. is considering a one-year project that requires an initial investment of $500,000; however, in raisi
andrezito [222]

Answer:

The rate of return expected on this project by Cold Goose Metal Works Inc. is 15.20%

Explanation:

Since flotation cost is 4% that implies that $500,000 is actually 96% (100%-4%) of the cash proceeds from the capital funding,hence funds raised is computed thus:

funds raised=$500,000/0.96=$520,833.33  

Annual return on investment=cash inflow-initial cash outflow

cash inflow is $600,000

cash outflow  is $520,833.33  

annual return on investment=$600,000-$520,833.33=$79166.67

rate of return on project=annual return on investment/initial investment

                                        =$79,166.67 /$520,833.33*100=15.20%

The rate of return that Cold Goose Metal Works Inc is 15.20%

6 0
3 years ago
Which career professional sets up, runs, and maintains equipment such as lights? Camera Operator
mylen [45]
I would say camera operator
3 0
3 years ago
Read 2 more answers
If the number of potential workers in an economy increases while the size of the labor force remains​ unchanged, ________. A. th
galben [10]

Answer:

<h2>The answer here would be option C. from the answer list or options given in the question which is the labor force participation rate will fall.</h2>

Explanation:

  • Labor force participation rate basically reflects the total or overall number of people who are actively participating the labor or work force in the economy and are actually qualified and eligible to be officially part of the work or labor force.
  • Hence,even if the number of eligible and qualified people or workers in the economy potentially increases and the overall size of the work or labor force remains constant,it essentially implies that much of the eligible and qualified laborers or workers is either unemployed or has not been properly mobilized or utilized in the labor or work force in the economy.It can also indicate that majority of the people who are presently participating in the labor force are not eligible or fully qualified as per their occupational or professional designation.
  • Therefore,in this instance the labor force participation rate will decline as the overall proportion of employment of the eligible and qualified laborers or workers does not really increase in the economy.Therefore,even if the number of potential workers or the labor resource increase in the economy,it has not been properly or completely utilized or employed in the overall labor force.
6 0
3 years ago
Which of these forms should you use to file your tax return?
Andrew [12]
You need to file W-2
6 0
2 years ago
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