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Fittoniya [83]
3 years ago
13

Management estimates the company's allowance for doubtful accounts as $200,000, and the auditors develop an estimate that sugges

ts that the amount should be between $230,000 and $250,000. The factual misstatement in this situation is:a. $0.b. $30,000.c. $50,000.d. $40,000.
Business
1 answer:
SOVA2 [1]3 years ago
3 0

Answer:

Opton a $0

Explanation:

<u>Factual misstatements</u> There is no doubt of a mistake. There is an instance necessary to dsiclosure the correct information which is missing.

This is not the case as the company has a doubful accounts and disclosure in his statements.

Therefore, this is not a factual misstatement. The company has used an inferior or different method than the auditor.

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6 0
3 years ago
Adjectives are used to describe personality traits. True False
Vlada [557]

Adjectives can be used to describe personality traits (e.g. stern, funny, boring, etc.) but they're not exclusively for personality traits. You can be describing something else using adjectives.

But in this case, I'd say it's true.

6 0
4 years ago
Suppose some banks decide to increase their holdings of excess reserves relative to deposits. Ceteris paribus, this action will
slava [35]

The action of the bank will put decreased pressure on the money supply, and to reduce the impact of this action, the Fed could decrease the discount rate.

Basically, a decrease in discount rate will make it easy and cheaper for commercial banks to borrow money from Federal Reserve System and thus, results to increase in available credit and lending in the economy

Therefore, if the commercial banks decide to increase their holdings of excess reserves supposed to be remitted to Feds, then, this will put <u>decreased</u> pressure on the money supply, and the Fed would act by <u>decreasing</u> the discount rate.

Read more about this here

<em>brainly.com/question/20023706</em>

5 0
2 years ago
At Wegman's, employees are empowered to meet customer needs without seeking a manager's permission. This is an example of
mr_godi [17]

The scenario that's illustrated by Wegman is simply known as A. Job enrichment.

<h3>What is job enrichment?</h3>

It should be noted that job enrichment simply means a process whereby there are different dimensions added in order to make a job more motivating.

In this case, employees are empowered to meet customer needs without seeking a manager's permission abs this is an example of job enrichment.

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6 0
3 years ago
If Medicaid is expanded to cover a greater percentage of the population: the public debt will immediately increase. implicit lia
ziro4ka [17]

Answer: implicit liabilities will increase.

Explanation:

Implicit liabilities are incurred by government as a result of them having to take care of their citizens. Medicaid is one such liability.

If the government were to expand the percentage of people in the country that are to be covered by medical aid, this would mean that more Medicaid will be paid by the government which means that the implicit liabilities will increase.

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