2. It engages in business activities from which it may earn revenues and incur expenses.
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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Financial de-regulation from the Reagan Administration in the 80's had the largest impact on the financial crisis of 2008.
Answer:
The correct answer is letter "C": Interest rates tend rise during economic expansion and decline during recessions.
Explanation:
The expansion is the period of the economy that represents grow. Because of the prosperity atmosphere, people and businessmen request loans frequently pushing central banks and governmental entities to raise the interest rates to slow down the economy to prevent a recession. The recession itself is the period where the economy is contracted or reduced. In this case, the central banks and governmental entities decrease the interest rates to stimuli economy through loans and purchases.
Answer:
D. The amounts are out of balance and need to be corrected
Explanation:
<em>The debit side is less which means there is no income / loss mistreatment. </em>
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<em>There must be some disposition error or some adjustment left out. </em>
<em>There are three kinds of errors in the trial balance</em>
<em>Error of omission</em>
<em>Error of Disposition</em>
<em>Error of adjustment</em>
<em>This could be any of the above given errors and needs to be corrected it has no income/ loss factor.</em>
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<em>The error of omission occurs when the numbers are omitted.</em>
<em>The error of disposition occurs when the numbers are dispositioned such as 855 is written as 58.</em>
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