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
zimovet [89]
3 years ago
13

A practitioner may perform an agreed-upon procedures engagement on prospective financial statements provided that which of the f

ollowing is met?a. Use of the agreed-upon procedures report is notrestricted. b. The client agrees that the practitioner will decide appropriate procedures to be performed. c. The practitioner sets the criteria to be used in the determination of findings. d. The prospective financial statements include a summary of significant assumptions.
Business
1 answer:
Marat540 [252]3 years ago
6 0

Answer:

Option b is correct

Explanation:

The requirement of this service is to be independently derived because the procedures vary according to needs of the parties involved in the agreement.

You might be interested in
Hawkins Company has owned 10 percent of Larker, Inc., for the past several years. This ownership did not allow Hawkins to have s
Darya [45]

Answer:

There will be no recorded change because the equity method comes into play from the acquisition date

Explanation:

In the event that Hawkins Company purchases or acquires another 30 percent of Larker, Inc. to add to their initial 10 percent holding, there will be no change in the investor report. This is because using the equity method, any investor report only starts taking into effect from the day the acquisition was made. Older statements and reports are not tampered with, as the investor did not have up to 40% of the company at that point  in time.

7 0
3 years ago
The journal entry to record the purchase of materials on account in process cost accounting is a(n): Multiple choice question. i
Lilit [14]

The journal entry to record the purchase of materials on account in process cost accounting is an Increase in assets and an increase in liabilities. Option A. This is further explained below.

<h3>What is a journal entry?</h3>

Generally, In process cost accounting, a rise in assets and an increase in liabilities are recorded in the journal entry for the purchase of materials on account.

In conclusion, A journal entry is a kind of entry that is used in the accounting records of a company to record a transaction that occurred inside the company.

Read more about the journal entry

brainly.com/question/15889958

#SPJ1

7 0
2 years ago
Clabber Company has bonds outstanding with a par value of $119,000 and a carrying value of $108,700. If the company calls these
Vladimir79 [104]

Answer:

option (b) $4,200 gain

Explanation:

Data provided in the question:

Par value of outstanding bonds  = $119,000

Carrying value of the bonds = $108,700

Price at which bond is called = $104,500

Now,

Gain on the retirement is calculated using the relation as;

Gain on retirement

= Carrying value of Bonds - Price at which bond is called

= $108,700 - $104,500

= $4,200

Since, the result is positive, therefore a gain will be recognized

Hence, correct answer is option (b) $4,200 gain

6 0
3 years ago
Jack and Jill are married and have no dependent children. They are both over 65 and Jill is blind. Their gross income is $45,000
yan [13]

Answer:

They are exempt from paying tax

Explanation:

Taxable income is the amount of an individual's gross income that the government deems subject to taxes.

However, because they are aged (above 65), and their taxable income -which should be $32000 after deductions - is less than the percentage tax relief,they are exempted from paying tax for that particular year.

8 0
2 years ago
What does it mean when gylcogen is broken down to glucose molecules?
Makovka662 [10]
It means it has become sugar
3 0
3 years ago
Other questions:
  • Alatan owns a building supply store in Russ County. His trade extends throughout River City, the largest city in Russ County, bu
    5·1 answer
  • ________ determines the criteria for supplier selection and adds and removes suppliers from the list of approved suppliers. The
    7·2 answers
  • The amounts of the assets and liabilities of Journey Travel Agency at December 31, 2018, the end of the year, and its revenue an
    9·1 answer
  • Dirt is not dirt when it comes to baseball fields.About two-thirds of the pro baseball fields got their dirt from a dirt farm in
    7·1 answer
  • Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Directavia, a nation with a pure co
    14·1 answer
  • Prior to recording the following, Elite Electronics, Incorporated, had a credit balance of $2,000 in its Allowance for Doubtful
    9·2 answers
  • When you buy a U.S. government savings bond, you're doing so under the power given to Congress to
    10·1 answer
  • Following is the income statement for Nordstrom Company. Assume that the combined federal and state statutory tax rate is 37%. (
    8·1 answer
  • Refer again to the income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statement. N
    10·1 answer
  • as a country develops economically from being very low income to higher income, what are the most important changes that occur i
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!