C. ROE measures how much equity holders are earning, while ROA measures how efficiently the bank is being run.
ROE = net income/ shareholder's equity
ROA= net income/total assets
To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is recorded. The population of documents for this test consists of all receiving reports.
<h3>What are receiving reports?</h3>
Receiving reposts is a kind of tool that is used to list, document or note all the transaction details of the businesses. It is generally updated and maintained by those employees of the staff who are responsible for receiving or accepting the delivery of goods.
Thus, an auditor runs a test to ensure that every item received is recorded in order to evaluate whether accounts payable are complete. The receiving reports are the population of documents for this test.
Learn more about receiving reports here:
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Answer:
this statement is true.............
Answer:
$187,200
Explanation:
Given that,
Company's Finished Goods inventory Debited = $218,000
Company's Finished Goods inventory credited = $218,000
Ending balance in the Finished Goods inventory = $13,000
Manufacturing overhead was overapplied by $36,700.
Applied manufacturing overhead = $223,900
Actual manufacturing overhead cost for the year:
= Manufacturing overhead applied - Manufacturing overhead overapplied
= $223,900 - $36,700
= $187,200
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