It means that the technology company will use the audit results to analyze risks. Thus option A is correct.
<h3>What is Audit ?</h3>
Audit refers to the checking of financial records of the company in order to ensure that the records are systematic and accurate. It is very helpful for the outsiders such as creditors, shareholders, government agencies etc as it provides the accurate information about transactions.
Mr. Chu will analyse the financial statements of the technology company an conclude about the risk involved in the company. Thus it helps in analyzing the risk. Therefore, option A is correct.
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Answer:
given statement is false
Explanation:
given data
active income = $210,000
portfolio income = $45,000
passive activity loss = $230,000
deduct passive activity loss = $230,000
solution
as per Topic Passive Activities
we know that Losses and Credits in IRS state here that Loss from passive activity is not allowed for current year
and here this loss will be carry forward to the next taxable year
as a similar rule is applicable to give credits from passive activities
so that given statement is false
a strategy that leads to one player's interests dominating the interests of the other players.
Answer:
All options are applicable
Explanation:
Upon the exchange of the asset, the cost of the old asset needs to be removed from the asset account by crediting the old asset account with $90,000
On the other hand, the market value of the new asset needs to be debited to new asset account i.e$50,000 and also the accumulated depreciation must debited to accumulated depreciation account.
All in all, the difference between the credit and the debit entries is balancing credit as shown below
Dr New asset $50,000
Dr Accumulated depreciation $70,000
Cr Old asset $90,000
Cr gain on asset exchange(bal figure) $30,000
Answer:
The correct action is the option B: Don't talk about taking action. Instead, get to know your team members better.
Explanation:
To begin with, if the person is trying to create a group that is involved in the situation and works together then the best option to take at the beginning would be to get to know them better, so in that way the person would understand them and know what motivates each one the members in order to make them understand as well why would be benefitial for everybody to fight the fee increases and he can do that by explaining to everyone how those increases would impact in what motivates them the most. So that is why, is better to understand them and explain them later how to take action.
