Answer:
2. Knowingly classifying a material non-current receivable as a current
Explanation:
Fraud is said to occur when a person deliberately or intentionally uses misleading, improper, false information or data in a financial or legal document with the so aim and attempt to unlawfully deprive another person or entity of money, property, or legal rights for their own selfish interests and benefits.
Answer:
outstanding checks at the end of December = $14,748
Explanation:
Checks Written
November $53300
December <u>$72910</u>
<u>126,210</u>
Checks Presented
November $48776
December <u>$62686</u>
<u>1111,462</u>
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<u>126,210</u> - <u>1111,462 = 14,748</u>
Answer: $8
Explanation:
Given that,
Book value of a bond = $100
Market value of the bond (principal + interest payable) = $120
Discount rate when bond was issued = 10%
Discount rate prevailing at the beginning of the year = 8%
Therefore, Discount amount = 0.08 × $120
= $9.6
Payments to bondholders = $7
The bond was bought back(Repurchase price) for $95 at the end of the year
Net worth at the end of 1 year = Market value - Discount amount - Payments to bondholders
= $ 120 - 9.6 - 7
= $103.4
Net gain / loss = Net worth at the end of 1 year - Repurchase price
= $103.4 - $95
= $8.4
= $8 (approx)
Management should understand and apply THE EQUITY THEORY.
The equity theory refers to the principle that individuals are motivated by fairness; if they discover inequities in the input or output ratio of themselves and a relevant referenced group, they tend to adjust their input to reach their perceived equity.
Answer:
d.after the income statement and before the balance sheet
Explanation:
The retained earning statement is to be prepared after preparing the income statement so that the profit or loss what would be calculated the same is to be used for computing the ending balance of retained earnings
The formula is shown below:
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
Hence, d option is correct