All categories

3 years ago

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

On April 1, Garcia Publishing Company received $33,480 from Otisco, Inc. for 36-month subscriptions to several different magazin

allochka39001 [22]

Answer:

Unearned Fees A/c Dr. $8,370;

Fees Earned A/c Cr. , $8,370.

Explanation:

The amount of $33,480 paid is for 36 months. Subscription per months will be $33,480 divided by 36 months

=$33,480 / 12

=$930

The subscription was paid on April 1st. Between April 1st and December 31st, there were 9 months.

The subscriptions for that year will be

= $930 x 9

=$8,370

The journal entries will be as follow

Unearned Fees A/c Dr. $8,370;

Fees Earned A/c Cr. , $8,370.

3 0

3 years ago

Why is the just war theory considered a middle path between realism and pacifism?

alexira [117]

Answer: it is considered a middle path between realism and pacifism because it states that violence or military force can only be used in very specific occurrences. And that military force can only be used in cases in self defense or to protect civilIan’s.

Explanation:

4 0

3 years ago

A shoe company's ads feature the members of a popular country music band. Product sales increase significantly among the band's

ruslelena [56]

Answer: (B) Reference group

Explanation:

A reference group is basically refers to the individual and the group that is specifically used for the comparison purpose. It is one of the type of group that share a common attitude, beliefs and the behavior for making the various types of decisions.

According to the given question, a shoe's company is one of the most popular music band as the products sales of the company significantly increase. Then, from the fans point of views the band is refers to the reference group.

Therefore, Option (B) is correct answer.

4 0

3 years ago

Blazer Sports Store is preparing to pay its quarterly dividend of $7.75 a share this quarter. The stock closed at $105.64 a shar

Lana71 [14]

Answer:

$99.3625

Explanation:

The computation of ex-dividend stock price is shown below:-

Ex-dividend stock price = Stock closing price - Stock dividend × (1 - tax rate)

= $105.64 - $7.75 × (1 - 19%)

= $105.64 - $7.75 × 0.81

= $105.64 - 6.2775

= $99.3625

Therefore for computing the ex-dividend stock price we simply applied the above formula.

3 0

3 years ago

A low-interest loan for students who demonstrate financial need is a(n):

Paul [167]

The answer is: D. Direct Subsidized Loan

The main characteristic of a Direct Subsidized Loan is that the loan interest is set at a fixed rate by the government and would not be accrued. This means that even if the student in financial needs somehow late in making payments, the amount of his/her total loan would not be increased.

4 0

4 years ago

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

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