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Ivan
3 years ago
15

An auditor should perform alternative procedures to substantiate the existence of accounts receivable when:

Business
1 answer:
Anastasy [175]3 years ago
8 0

Answer:C

Explanation: Collectability of the receivables is in doubt

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One assumption that distinguishes short-run cost analysis from long-run cost analysis for a profit-maximizing firm is that in th
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A. The size of the factory is fixed.

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3 years ago
A corporate bond backed only by a company's promise to pay is called a
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3 years ago
The lowest tier of the federal court system is the:
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3 years ago
Market value per share is:
vesna_86 [32]

Answer:

The answer is a. Market value per share is the price at which a stock is bought and sold.

Explanation:

For shares that are listed in the stock exchange, the market value per share is the price of share at which share is currently traded. In other words, this is the fair value of the share and at this price, share can be readily sold or bought.

(b) is not correct because it describes the commitment (usually made by an investment bank) to purchase newly issued shares at predetermined price when those shares are not purchased by other investors in the market.

(c) describes a type of stock rather than the definition of market value per share.

(d) describes Preemptive right rather than the definition of market value per share.

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3 years ago
The notes receivable account of a business should include both the notes that haven't matured and the dishonored notes.
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This statement is false. The notes receivable account should only include those notes which can still be collected. Notes that have not matured yet is still included in the notes receivable account because there is still the probability of collection. Dishonored notes should not anymore be included because there is no more probability of collection.

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3 years ago
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