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BabaBlast [244]
4 years ago
14

A document in an auditor's working papers includes the following statement: "Our audit is subject to the inherent risk that mate

rial errors and fraud, including defalcations, if they exist, will not be detected. However, we will inform you of fraud that comes to our attention, unless it is inconsequential."The above passage is most likely from:
1 a comfort letter.
2 an engagement letter.
3 a letter of audit inquiry.
4 a representation letter.
Business
1 answer:
Y_Kistochka [10]4 years ago
7 0

Answer: Option (2)

Explanation:

Engagement letter is referred to as an or known as an agreement for the services firm in order to provide the services to the client. This letter is known to be essentially an abbreviated agreement which defines services that are to be performed and also amount of the compensation that is to be paid. These letters are mostly required by the service firms that are engaged in the audit, tax, consulting, finance and legal advice.

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Which of the following is not true of P/E ratios? (Ignore option e.) a. It is calculated by dividing the stock price by EPS b. I
Ede4ka [16]

Answer:

The correct answer is letter "D": All of the above are true.

Explanation:

The Price-to-Earnings (P/E) ratio represents the relationship between a company's stock share price related to its earnings per share (EPS). The P/E ratio can give investors an idea if a company's share price is undervalued or overvalued. Besides, P/E ratios of companies with similar businesses can be compared to measure firms' performances.

5 0
3 years ago
Greta wants to make changes for several Shopping campaigns that she manages. She can use bulk changes to:
klemol [59]

Answer:

The correct answer is A. replace an existing product group

Explanation:

Greta can find in the replacement of products a greater added value from innovation and consumption. In addition, it helps to raise awareness of consumption and the needs to be met.

The replacement of products by services inspires an important transformation towards a culture of sustainability throughout the value chain. It is a strategy that leverages market forces as a source of society's change.

3 0
3 years ago
Alamos Co. exchanged equipment and $18,900 cash for similar equipment. The book value and the fair value of the old equipment we
12345 [234]

Answer:

C. $ 0.

Explanation:

Provided that

Book value of the old machine = $81,300

The Fair value of the old machine = $91,400

So, we can see that there will be a gain of

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= $91,400 - $81,300

= $10,100

But this gain would not be recognized in case of lacking commercial substance. So, there would be zero gain or loss

7 0
3 years ago
After cooking food that must sit for a little while before being consumed, Sherry is aware that the food must remain at a certai
Aliun [14]

Answer:

140°F

Explanation:

140°F is ordinary temperature for eliminating microscopic organisms, yet it will likewise effect and truly burn individuals. In this regard, sherry knows about that, which is the reason she comprehend that she needs to hold back to consume it. High temperatures, 140°F or more, ought not be brought into normal private or business pipes that go to end client taps and showers etc.

8 0
3 years ago
What most likely will happen if the pie maker bakes a seventh pie?
Korvikt [17]

Answer:

The marginal cost will most likely increase to $2.00

4 0
3 years ago
Read 2 more answers
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