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svp [43]
3 years ago
14

While reviewing the books at his firm, Chad Cooper noticed discrepancies between how the firm recorded revenues last year and ho

w it elected to record revenues during the recent quarter of the current year. As a recent business graduate, Chad felt confident that the changes needed clarification. To get another opinion, Chad suggested to the company's controller that the firm solicit ______________.
Business
1 answer:
telo118 [61]3 years ago
5 0

Answer:

The correct answer is letter "D": the services of an independent auditor.

Explanation:

Every time an internal auditor feels there is inaccurate information on the company's books, <em>requesting for an external audit of a Certified Public Accountant (CPA) is a valid option</em>. Auditors must clarify any piece of information that seems ambiguous in a firm's general ledger. Otherwise, if mistakes or fraud are found, the auditor can be considered an accomplice of such activities.

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Which of the following is true regarding GASB's definition of the financial reporting entity?
Mashutka [201]

Answer:

d. All of the above are true

Explanation:

According to my research on the GASB's definition of the financial reporting entity, I can say that based on the information provided by the GASB website, all of the above statements provided are true. They can consists of many components such as joint ventures or jointly governed organizations, governments can be general purpose governments or special-purpose governments, and Blending is used.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
The table below gives information on bottled water in Florida. As you would expect, the demand for water is higher than normal d
choli [55]

Answer:

First we need to first find the equilibrium quantity and price during normal times.

The equilibrium price in normal times is P=$3 and the equilibrium quantity is 55 bottles.

During the hurricane, the government will set a price ceiling of $3. We can infer from the table that the quantity supplied at P=$3 is 55 bottles while the quantity demanded during hurricane at the price of $3 per bottle is 105 bottles. Hence,

105-55= 50

During a hurricane, there would be a shortage of 50 bottles of water.

If there were no price ceiling, then the equilibrium price would be such that the quantity demanded during hurricane equals the quantity supplied. From the table we can see that the equilibrium price would in that case be P=$5 per bottle where the equilibrium quantity is 85 bottles. With the price ceiling only 55 bottles are available for trading. Now without the price ceiling 85 bottles are available.

Hence consumers would have to pay an additional $2 (=5-3) but they can now buy an additional 30 bottles [=85-55].

Without the antiprice gouging law, consumers would have to pay $2 more than the ceiling price, but they would bv able to buy 30 more bottles of water.

5 0
3 years ago
Of the two main methods of withholding, only the wage-bracket method distinguishes unmarried persons from married persons.
BigorU [14]
Both the percentage method and <span>the wage-bracket method are used to distinguish unmarried persons from married persons. These methods are useful in the calculation of wages and percentages based on the number of dependents which changes when your status is changed from single to married.</span>
3 0
2 years ago
The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is:________.
Lilit [14]

Answer:

C. debit Vacation Pay Expense; credit Vacation Pay Payable

Explanation:

In as much as the name implies, debit vacation pay expense of the said worker is moved to his/her credit vacation pay payable. And cases like this comes up when the said worker is about to go on a vacation. This vacation pay expense is been considered a liability because it causes depreciation in equity.

Therefore accrued vacation privileges of an employer are times in which a worker has to go on a free working period that in some cases can be a vacation which deals with a debit Vacation Pay Expense; credit Vacation Pay Payable by the end of the year.

6 0
3 years ago
PLEASE HELP IM ON PLATO BTW GET IT RIGHT CUH
Rasek [7]

Answer:

✔️Demand Pull Inflation:

1. Too much money chasing too few goods

2. Stiff competition among consumers

✔️Cash Pull Inflation:

1. Increase in cost of production

2. Decrease in supply of goods and services

3. Aim of sellers is to maximize profit

Explanation:

Demand pull inflation is often caused by the increase in the aggregate demand of outputs than an economy can produce as a result of increased government spending, expanding economy and so on.

On the other hand, cash pull inflation is caused by the decrease in aggregate supply of goods and supply as result of increased cost of the factors of production.

Thus, let's match each description to the types of inflation they belong to:

✔️Demand Pull Inflation:

1. Too much money chasing too few goods (excess demand as a result of expanding economy)

2. Stiff competition among consumers (businesses, households, governments and foreign buyers bid prices up and compete to purchase the limited available goods and services)

✔️Cash Pull Inflation:

1. Increase in cost of production (this pushes the cost of goods and services up)

2. Decrease in supply of goods and services (aggregate supply decreases)

3. Aim of sellers is to maximize profit (as production cost increase, sellers would have to increase the price of goods and services in order not to run at a loss).

7 0
3 years ago
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