Ask question

Ask question

All categories

3 years ago

14

Which of the following activities would be most likely to be accomplished using sampling?a. Sorting a file to identify the large

st items.b. Scanning for unusual transactions.c. Selecting items and tracing back to source documents.d. Footing the file.

1 answer:

Tomtit [17]3 years ago

4 0

Answer:

C. Selecting items and tracing back to source documents.

You might be interested in

How are dividends and dividends payable reported in the financial statements prepared at december 31

Agata [3.3K]

Answer:

1. Dividends are deducted from the Statement of Retained Earnings as dividend expenses.

2. Dividends payable are reported in the Balance Sheet as current liabilities.

Explanation:

Dividends are distributions to the shareholders from earnings (income) after all expenses and taxes have been deducted from the revenue for the period. Dividends payable are unpaid dividends, which are reported as current liabilities until they are paid for in the next accounting period.

4 0

3 years ago

Trek Company has the following production data for April: units transferred out 40,200, and ending work in process 6,220 units t

Kitty [74]

Answer:

the costs to be assigned to the units transferred out and the units in ending work in process is $562,800 and $49,760 respectively

Explanation:

The computation is shown below:

Cost assign to units transferred out is

= 40,200 units × $4 + 40,200 units × $10

= $160,800 + $402,000

= $562,800

And, the Cost assign to work in progress is

= 6,220 units × $4 + (6,220 units × 0.40) × $10

= $24,880 + $24,880

= $49,760

Hence, the costs to be assigned to the units transferred out and the units in ending work in process is $562,800 and $49,760 respectively

5 0

3 years ago

A wealthy customer has been asked by his neighbor to invest in the private placement of a "start-up" technology company as a ven

Ivanshal [37]

Options:

I because these securities are not registered with the SEC, such an offering would be illegal in the United States

II because the securities are not registered with the SEC, they can only be resold in the public markets if the company effects a registered primary distribution and is current in its SEC filings

III public resale of these securities can only occur if the customer holds the securities for 6 months "at risk" and then sells the securities in measured quantities

IV these securities can only be resold by the customer to underwriters that will buy the securities into their inventory and then register them with the SEC

Answer:

II because the securities are not registered with the SEC, they can only be resold in the public markets if the company effects a registered primary distribution and is current in its SEC filings

III public resale of these securities can only occur if the customer holds the securities for 6 months "at risk" and then sells the securities in measured quantities

Explanation:

Option I is wrong because this type of operations is completely legal, and they are called private placements.

Option IV is also wrong because the underwriters do not register the stocks with the SEC, the company must be public in order for it to be registered and their stocks publicly traded.

Option II is correct because you can privately resell the stocks, but the market is very limited.

Option III is correct because if the company does turn public, then the investor must hold the stocks for 6 months "at risk" (no puts purchased) before being able to sell them on public markets.

6 0

3 years ago

Seasonal unemployment is : A. due to the fact that workers must search for appropriate job offers. B. a result of a poor match o

JulijaS [17]

Answer:

C. a result of the seasonal pattern of work in specific industries

Explanation:

Seasonal Unemployment results out of seasonal demand of labor in those industries where the nature of job is dependent upon weather or business seasons.

For example in case of crops, during the harvest season, there is high demand for labor while during the rest of the year there is no demand at all. So laborers of such industries are employed for a fixed duration in an year and remain unemployed for the rest of the period.

This unemployment is not due to inadequacy of labor skills but results owing to nature of the industry and seasonal pattern of the work required.

8 0

3 years ago

4) Which of the following is least likely to be your primary health care provider?

Lelechka [254]

An allergist cannot be a primary care provider.

7 0

3 years ago