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Brums [2.3K]
4 years ago
9

According to the PCAOB, an accounting firm's independence is least likely to be impaired if the firm

Business
1 answer:
sweet [91]4 years ago
7 0

Answer:

The correct answer is B. Receives a commission from the audit client.

Explanation:

In the "Basis for opinion" section, a statement is required that the auditor:

• It is a public accounting firm registered with the PCAOB and

• You are required to be independent in relation to the company in accordance with the federal securities laws of the United States and the applicable rules and regulations of the SEC and the PCAOB.

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A good example of ___________________ is a real estate business that shares data on new home purchases between the unit that sel
Ghella [55]
<span>A good example of a market data approach is a real estate business that shares data on new home purchases between the unit that sells insurance for the home and the business unit that sold the home. A market data approach allows businesses to find and sell to consumers that fit the description of their products. They can read market data that is collected from one agency and use it to sell them their product as well because they are hand in hand products. </span>
5 0
3 years ago
A report indicated that the average real wage in manufacturing declined by 2 percent between 1990 and 2000. If the CPI equaled 1
inn [45]

Answer:

W = $27.34

Explanation:

Given data:

Percentage Decline in average income is = 2%

CPI in 1990 1.30

CPI in 2000 is 1.69

Average nominal wage is 2000 is $35

Inflation rate is given as

Inflation rate = % Change in CPI

                    = (1.69 / 1.3) - 1

                    = 1.3 - 1 = 0.3 = 30%

Real wage = Nominal wage / Price level,  hence

Percentage change in real wage = % Change in (nominal wage - inflation rate)

-2% = % Change in nominal wage - 30%

% Change in nominal wage = 28%

let nominal wage in 1990 is w

W\times 1.28% = $35

solving for W = $27.34

8 0
3 years ago
The Bretton woods system of exchange rates relied on A. Fixed exchange rates with no mechanism for changing them. B. Fixed or pe
aleksklad [387]

The Bretton woods system of exchange rates relied on <u>"fixed or pegged exchange rates, with occasional orderly adjustments to the rates."</u>



The Bretton Woods arrangement of money related administration built up the rules for business and monetary relations among the United States, Canada, Western Europe, Australia, and Japan after the 1944 Bretton Woods Agreement. The Bretton Woods framework was the principal case of a completely arranged financial request expected to administer money related relations among free states. The central highlights of the Bretton Woods framework were a commitment for every nation to embrace a fiscal approach that kept up its outer trade rates inside 1 percent by binds its money to gold and the capacity of the IMF to connect transitory uneven characters of installments. Likewise, there was a need to address the trouble among different nations and to anticipate focused depreciation of the monetary forms also.


6 0
4 years ago
Debbie promises to sell Brian a one of a kind baseball card for $1,000. Brian says that he does not have the money right now, bu
const2013 [10]

Answer:

d. Yes, the offeror must be a merchant, pursuant to the UCC definition of merchant.

Explanation:

The Uniform Commercial Code (UCC) establishes that firm offers can only be made by merchants. They also apply only to the sale of goods, but the baseball card is a type of good.

The problem is that Debbie is not probably a merchant. In order for her to be considered a merchant, she would need to be in the business of buying and selling baseball cards on a regular basis.

3 0
3 years ago
Which of the following is not an example of a liability?
finlep [7]
D , because liability means to be responsible for something, especially by law.
3 0
3 years ago
Read 2 more answers
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