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
Law Incorporation [45]
3 years ago
15

Management implements internal controls to ensure that all required footnote disclosures are accurate. Auditors tests those cont

rols to provide evidence supporting the ________ presentation.
Business
1 answer:
Sauron [17]3 years ago
4 0

Full question:

Management implements internal controls to ensure that all required footnote disclosures are accurate. Auditors tests those controls to provide evidence supporting the ________ presentation.

A) completeness and valuation

B) completeness and accuracy

C) rights and obligations and existence

D) occurrence and accuracy

<u>Answer:</u>

Auditors tests those controls to provide evidence supporting the completeness and accuracy  presentation.

<u>Explanation:</u>

During the interim audit, the internal control system is documented and assessed. The completeness and accuracy of the erudition in the report superimposed which the auditor is relying on. Accuracy simply is inadequate. One requires to obtain certitude about both the completeness and the accuracy.

The statement that all the transactions that should hold been recorded are recorded is named completeness. A transaction is deemed accurate if: There is no fault while developing the supporting document, and there is no failure while posting this transaction.

You might be interested in
Alvin's Transport has total credit sales for the year of $182,000 and estimates that 3% of its credit sales will be uncollectibl
goldfiish [28.3K]

Answer:

S/n      Account Title and Explanation      Debit     Credit

a.         Bad Debt Expense                         $5,460

            ($182,000 sales x 3%)

                   Allowance for Doubtful Accounts       $5,460

           (To record bad debt expense)

b.        Bad Debt Expense                         $5,460

            ($182,000 sales x 3%)

                   Allowance for Doubtful Accounts       $5,460

           (To record bad debt expense)

4 0
2 years ago
Due to a recession, expected inflation this year is only 4.25%. However, the inflation rate in Year 2 and thereafter is expected
deff fn [24]

Answer:

Explanation:

Yield on 1 year trasury bond: r1=4.25+3.5 = 7.75%

Now, yield is r3 = 7.75+1.5 = 8.25%

r3=r*+inf

8.25=3.5+inf

inf=4.75%

4.75 = (4.25+i+i)/3

14.25 = 4.25 +2i

2i = 10

i = 5%

Inflation expected after year 1 is 5%

7 0
3 years ago
The manufacturing cost of the widgets your company makes has dropped by 50%. One of your customers, Sam, tells you he knows this
olga_2 [115]

Based on the above scenario, the answer is No. I would not tell Sue, because  manufacturing cost falls under business's internal factors that tends to affect firm's  profitability.

<h3>What is discount?</h3>

Others are:

  • Also note that if i tell her,  my actions will be found to be ethically incorrect.

The term discount is known to be an act or process where a price of product or services are  reduced prices to a price lower than the exact sum of that item.

Note that Based on the above scenario, the answer is No. I would not tell Sue, because  manufacturing cost falls under business's internal factors that tends to affect firm's  profitability.

Learn more about discount from

brainly.com/question/1548141

#SPJ1

4 0
2 years ago
True Taste's Restaurant and Catering serves delicious vegetarian and vegan dishes. So, when the local community became intereste
levacccp [35]
This would be D- an opportunity for True Taste to thrive in their community.
6 0
3 years ago
A ________ management system often consists of modules such as budget planning, debt management, travel and expense management,
sergejj [24]

Answer:

Financial

Explanation:

Financial management refers to managing an organization or program's resources to meet it's goals and objectives as quickly as possible by making use of resources to carry out planned activities. A financial management system is the approach employed by an organization to govern its income, expenses and assets with the sole purpose of attaining sustability.

8 0
3 years ago
Other questions:
  • The founder of ABC​ Corp., who had only an​ eighth-grade education, built his company into a multinational success. He often tal
    5·1 answer
  • Manufacturing overhead costs incurred for the month​ are: Utilities $ 39 comma 000 Depreciation on equipment $ 24 comma 000 Repa
    11·1 answer
  • What economies are driven by supply and demand?
    9·1 answer
  • Mr. Morgan earns $38,000 a year as a salesperson and a 5% commission on all his sales. He has a mortgage of $910 a month and pay
    9·2 answers
  • When you want to add coverage for something not included in an insurance policy, what would you add to your policy?
    5·2 answers
  • The process that individuals or groups go through to select, purchase, use, and dispose of goods, services, ideas, or experience
    12·1 answer
  • Select all that apply.
    11·1 answer
  • An industry has 5 firms. Firm A has 30% of the market, Firm B and Firm C each have 25% of the market, Firm D has 15% of the mark
    8·1 answer
  • Bobby decides to sell lemonade on a hot summer day. If Bobby sells 25 glasses of lemonade for $5.00 per cup, and his average tot
    15·1 answer
  • Explain the term strategic dependence. what kind of markets would we expect to find it in? How will it affect the behavior of fi
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!