1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PSYCHO15rus [73]
3 years ago
6

What checks are there on the accuracy of these​ statements? ​ (Select the best choice​ below.)

Business
1 answer:
kkurt [141]3 years ago
4 0

Answer:

The correct answer is B

Explanation:

The checks which are there on the accuracy of the statements are:

1. The corporation needed to hire or require the neutral party, which is known as the auditor in order to check the annual financial statements of the company, and also ensures that the financial statements are to prepared as per GAAP (generally accepted accounting principles). It should also offer the evidence to support the information reliability.

2. The public companies need to use a common or general set of rules and the standard format while making the reports.

3. The role of auditor is to review the financial statements and in addition Sarbanes-Oxley Act  requires the CFO as well as CEO to attest personally to the accuracy of the financial statements.

You might be interested in
Fitz Company reports the following information.
Paha777 [63]

Answer and Explanation:

The preparation of the operating activities section is presented below:

Cash flows from operating activities

Net income  $374,000

Adjustments made  

Add: Depreciation  $44,000

add: Amortisation expanses  $7,200

Add: Accounts receivable decrease  $17,100

Add: Inventory decrease  $42,000

Less: Prepaid expense increase  -$4,700

Less: Accounts payable decrease  -$8,200

Add: Wages payable increases  $1,200

Less: Gain on sale of machinery  -$6,000

Net cash provided by operating activities  $466,600

4 0
3 years ago
When using the Euromarkets, companies ____.?
STALIN [3.7K]
When using the Euromarkets, companies pay less for the loans
8 0
2 years ago
A firm has $1.5 million in sales, a Lerner index of 0.57, and a marginal cost of $50, and competes against 800 other firms in it
MrRissso [65]

Answer:

$116.28

Explanation:

This can be calculated as follows:

Mark up = [1 ÷ (1 - Lerner index)]

Price = Mark-up × Marginal cost

        = [1 ÷ (1 - 0.57)] × $50

Price = [1 ÷ 0.43] × $50 = $116.28  

Therefore, the price this firm will charge its customers is $116.28.

7 0
3 years ago
Which of the following explains why the aggregate demand curve is downward sloping?a. The interest rate effectb. The real balanc
pishuonlain [190]

<u>Answer: </u>

The interest rate effect explains why the aggregate demand curve is downward sloping.

<u>Explanation: </u>

  • The interest rate effect proposed by Keynes suggests the reasons for why is the aggregate demand curve downward sloping.
  • It states that, when the interest rates are low, people choose to invest owing to the decreased costs of investment. This investment stimulates a drop in the levels of price.
  • The dropped prices thus increase the aggregate demand for the commodities of which the price has dropped.
7 0
2 years ago
Speech that is designed to move the listener to action or belief is _____. entertaining persuasive informative none of the above
horsena [70]

When the purpose of the communication is to the make the listener believes what the speaker says, the type of speech that would be most suitable is persuasive.

Thus, the answer to the question above is (B) persuasive, since the purpose of <em>entertaining speech</em> would be to create entertainment for the listeners while <em>informative speech’s</em> purpose would be to give information that the listeners do not yet know.

4 0
3 years ago
Read 2 more answers
Other questions:
  • The adjustment to record supplies used during the period would​ be:
    13·1 answer
  • Another way the crash weakened the banks was that many banks themselves had taken depositor's money and invested it in the _____
    14·1 answer
  • What's the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%
    7·1 answer
  • Suppose that there are significant costs associated with coordinating a subsidiary with the parent organization and assessing th
    8·2 answers
  • ohnstone Company is facing several decisions regarding investing and financing activities. Address each decision independently.
    8·1 answer
  • John, a product manager, ensures that his team has regular meetings and no team member is absent during the meetings. He also en
    12·1 answer
  • Compare Franklin Roosevelts ( a democrat) actions concerning the economy in the 1930s with Ronald reagans (a republican) actions
    9·1 answer
  • Under the gold standard, gold flows reduce the money supply in one nation when another nation experiences a trade surplus. The n
    13·1 answer
  • Caleb is a bus driver who takes passengers through scenic mountains and points out the various rock formations along the way. Ca
    6·1 answer
  • Effectiveness means:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!