Answer:
B. Unmodified opinion or qualified opinion.
Explanation:
Unmodified opinion is often called a clean opinion, an unmodified opinion is an audit report that is issued when an auditor determines that each of the financial records provided by the entity is free of any misrepresentations. In addition, an unmodified opinion indicates that the financial records have been maintained in accordance with the standards known as Generally Accepted Accounting Principles (GAAP).
On the other hand, a qualified opinion is when a company’s financial records have not been maintained in accordance with GAAP but no misrepresentations are identified, an auditor will issue a qualified opinion.
Answer: The correct answer is "Nikkei includes 10% overhead costs and an 8% profit margin in the price of all the parts they export to the U.S.".
Explanation: In her testimony, the president claimed<u> Nikkei includes 10% overhead costs and an 8% profit margin in the price of all the parts they export to the U.S.</u> Using traditional guidelines, Congress determined that Nikkei was not dumping.
It is known as dumping when companies sell products at a lower price abroad than they sell in their country.
Answer:
Traditional financial guidelines suggest that your home should cost about five times your annual income
Explanation:
Renting an apartment would be less costly initially till the point present value of rental payments equals the purchase cost of the apartment, beyond which such an alternative turns costly.
Individuals need to decide whether to rent or buy in the light of financial factors, lifestyle preferences, etc. Financial factors relate to the availability of finance to fund buying and how steady the finance could be in next few years.
The property owner is eligible for tax deductions with respect to interest payable on home loan and property taxes paid during the period. Such deductions are not available to the tenant.
Answer:
The correct option is C,Abby and Zeke are personally liable
Explanation:
Being personally liable means that if the amount of assets available in the joint venture is not enough to pay back the debts owed by the joint venture, the joint venturers would have to pay the debt balance from private pockets.
Option A is applicable to limited liability companies as well as limited liability partnerships.
Option B is also wrong based on the point cited for option A.
The same issue applies to Option D.
In other words, options A,B and D are only applicable to limited liability situations and the joint venture is not a limited liability business.