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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.

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Cargo Industries began the month with a $10,000 debit balance in the Cash account. During the month, the total of the debit entr
alukav5142 [94]

Answer:

B$10,800 debit balance.

Explanation:

In the given question, first we have to compute the difference of cash account which equals to

= Total debit entries - Total credit entries

= $4,800 - $4,000

= $800 debit

Now add this amount to the beginning balance which equals to

= Beginning amount of cash balance + Difference amount

= $10,000 + $800

= $10,800 debit

7 0
4 years ago
Which of the following items is not included in either M1 or M2?
Vitek1552 [10]

Answer:

Item that are neither include in M1 nor in M2 is currency held by banks

Explanation:

Central bank of united united states decided the flow of cash through the country. There are two type of money supply i.e. M1 and M2.

The M1 type money supply consist money that are more in liquid state like cash deposits etc while on the other side M2 type of supply consist of money that are less in liquid state. This type of supply consist of M1 money with market funds and deposits certificate etc.

Therefore item that are neither include in M1 nor in M2 is currency held by banks.

4 0
3 years ago
ou are valuing a company that is projected to generate a free cash flow of $10 million next year, growing at a stable 3.0% rate
mafiozo [28]

Answer:

Each share worth is $2.59

Explanation:

According to the given data we have the following:

D1 = Cash Flow at the end of year 1 = $ 10 million

r = Cost of Capital = 10% = 0.1

g = perpetual growth of cash flows

Hence, The present value of Cash Flows = D1/(r-g)

= 10/(0.1-0.03)

=10/0.07

= $ 142.8571428571 million

= $ 142.86 million

To find the equity value we need to remove the net debt from cash flows

Net Debt = Debt - Cash

= 22 - 8.5

= $ 13.5 million

Now net cash flows = Cash Flows - Net Debt

= 142.86 - 13.5

= $ 129.36 million

Therefore, each share worth = Present Value of Cash Flow / No of Outstanding Shares

= 129.36 / 50 (Both values are in millions so the zeros are ignored)

= 2.5872

= $2.59

Each share worth is $2.59

3 0
3 years ago
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