Is a concept used by historians to describe the emergence of modern science during early modern period.
Answer:
The four factors that affect price elasticity of demand are (1) availability of substitutes, (2) if the good is a luxury or a necessity, (3) the proportion of income spent on the good, and (4) how much time has elapsed since the time the price changed. If income elasticity is positive, the good is normal.
Explanation:
Answer:
C. An inquiry of the client's legal counsel concerning litigation.
Explanation:
A subsequent event is a term that describes the aftermath of a reporting period, with the financial statement yet to be made or readily available to be issued.
During this period, it is expected that auditor performs his role such that, appropriate or sufficient evidence are gathered, which will indicates that there is am assurance of all events are identified and truly accounted for in financial statements.
Among the roles of the auditor during this period or subsequent event, includes: Inquiring of the client's legal counsel concerning litigation.