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
stiv31 [10]
3 years ago
14

Which term refers to an affiliate relationship between an accounting/auditing firm and its sponsoring organization in China? a.

Parent/subsidiary b. Hooking up c. Guanxi d. Principal/Agent
Business
1 answer:
evablogger [386]3 years ago
4 0

<u>b. Hooking up</u> is the term refers to an affiliate relationship between an accounting/auditing firm and its sponsoring organization in China.

<u>Explanation</u>:

Hooking up is the term refers the affiliate relationship between an accounting/auditing firm and its sponsoring organization.

Auditing Firm is a company which reviews the activities of an organization to identify their inefficiencies and achieve the organizational objectives. Auditing firms can help in investigating the potential theft or fraud and ensure compliance with applicable terms and policies. The reports of the organization can be maintained accurately.

The auditing firm works for their sponsored organization and helps them in achieving their goals.

You might be interested in
Which of the following is a way for college students to watch their favorite tv shows without spending a lot of money
Delvig [45]
Watch online you watch tv for free youtube,hulu,netflix
4 0
3 years ago
Read 2 more answers
Identify two possible reasons for unemployment​
Vladimir79 [104]

Answer:

Frictional unemployment. This is unemployment caused by the time people take to move between jobs, e.g. graduates or people changing jobs. ...

Structural unemployment

Explanation:

3 0
2 years ago
Read 2 more answers
Which of the following assumptions is embodied in the AFN equation?
aleksandr82 [10.1K]

Answer:

d. Accounts payable and accruals are tied directly to sales.

Explanation:

Additional funds needed method determines the amount that the company needs to finance the increase in total sales.

In response to the increase in sales, the company has to increase its assets to achieve that goal. The increase in total assets is partly offset by an increase in liabilities and the other part is offset by an increase in retained earnings.

The only true statement of the AFN equation is the option d), and the other options are not right.

8 0
3 years ago
ecord adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made
k0ka [10]

Answer: Please Refer to Explanation

Explanation:

Please see complete question attached to this answer.

A.

As the company has not paid the salary but they recognize it is an expense, it should be credited to Salaries payable from the salary expense account.

DR Salary Expense $ 18,500

CR Salary Payable $18,500

( To record Salary Expense incurred but not paid)

B.

As the company has not paid the interest but they recognize it is an expense, it should be credited to Interest Payable from the interest expense account until it is paid.

DR Interest Expense $400

CR Interest Payable $400

( To record interest expense on loan not paid )

C.

As the company has not paid the mortgage interest but they recognize it is an expense, it should be credited to mortgage payable from the mortgage account expense account

DR Mortgage Interest Expense $1,025

CR Mortgage Interest Payable $1,025

( To recording interest expense on mortgage not paid for the year).

3 0
3 years ago
Which of the following choices is NOT one of the reasons cost-plus pricing is so popular? a) It captures the full price that cus
mylen [45]

Answer: a) It captures the full price that customers might be willing to pay for a product.

Explanation:

The cost-plus pricing method involves using the total cost to come up with a selling price by simply adding a markup that the company would like as profit to the total cost of the product per unit and then selling it at that price.

It is easy to justify to stakeholders, simplifies pricing processes and is quite easy to measure or estimate.

It however does not capture how much a customer may be willing to pay for for a good as it is based on the company's expenses and preferred profit.

6 0
3 years ago
Other questions:
  • Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 23,535 29
    14·1 answer
  • The 2016 annual report for Mega Mills disclosed that 1 billion shares of common stock have been authorized. At the end of 2015,
    8·1 answer
  • Which approach to lessons learned helps identify most of the lessons learned on a project
    7·1 answer
  • Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylen
    14·1 answer
  • Stinehelfer Beet Processors, Inc., processes sugar beets in batches.
    6·1 answer
  • During 2018, Deluxe Leather Goods issued 841,000 coupons which entitles the customer to a $4.20 cash refund when the coupon is s
    9·1 answer
  • Most economists say a little inflation is healthy for an economy.
    14·1 answer
  • Why was 2007 considered the "Year of the Recall"?
    12·1 answer
  • Were all loan proceeds used to purchase, build, or improve the home secured by this loan?.
    14·1 answer
  • brazil spent billions of dollars to host the soccer world cup and the summer olympics. the opportunity cost of hosting these eve
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!