Answer: The correct answer is "He performed the audit with due diligence".
Explanation: If the purchasers prove their required elements, in general Jones will have to prove that: <u>He performed the audit with due diligence.</u>
The objective of a due diligence audit is to serve as a support and element of judgment in the process of quantitative and qualitative evaluation of acquisition or merger transactions between two or more entities. Due diligence is essential to know the value of a company.
<u />
The income statement for the year ended April 30, 20Y7 is $391,000.
<h3>
Income statement</h3>
Up-in-the-Air Travel Service Income statement for the year ended April 30, 2017
Revenue:
Fees earned $1,870,000
Expenses:
Office expense $343,000
Miscellaneous expense $21,000
Wages expense $1,115,000
Total expenses $1,479,000
Net income $391,000
($1,870,000-$1,479,000)
Therefore the net income is $391,000.
Learn more about income statement here:brainly.com/question/24498019
#SPJ1
Answer:
The most common sources of information for performance measurement are personal observation, statistical reports, oral reports, and written reports.
Slide that brainliest tho
Answer:
Lanny's deductible income = $24,000
Explanation:
Given:
Lanny's payment per month (Wife) = $2,000
Lanny's payment per month (Child) = $5,00
Lanny's deductible income = ?
Computation of Lanny's deductible income :
Lanny's deductible income = Lanny's payment per month (Wife) × 12 month
Lanny's deductible income = $2,000 × 12 month
Lanny's deductible income = $24,000
Note: Payment made for the support of a single child must not be deducted in Gross Income.
