The option that best describes the difference between stocks and bonds is <span>B.</span><span> Stocks allow investors to own a portion of the company; bonds are loans to the company.
When you have stocks, it means that you bought one "part" of a company, and in case that company gets sold one day, you will get a profit for what you bought. Bonds are quite the opposite - it is the money a company borrows from someone in order to pay something.</span>
Answer:
Equity account
Explanation:
In the case when the cash is received in exchange of the common stock so here the cash is debited and credited the common stock i.e. equity account
The journal entry is
Cash Dr XXXXX
To Common stock XXXXX
(Being exchange is recorded)
here cash is debited as it increased the assets and credited the common stock as it also increased the equity
The components of audit engagement from the question are:
- Cost-benefit
- Circumvention
- designs
- application of controls
- control environment
<h3>The factors that increase inherent risks</h3>
- The integrity of the people that are in managerial positions.
- The experience and the effectiveness of managers.
- Pressures faced by management.
<h3>Factors that affect control risks:</h3>
- Presence of Novel situations
- The use of Outdated controls
- Improper separation of duties
Read more on inherent risks here: brainly.com/question/14538724
Answer:
$80,000
Explanation:
From the information given:
2020 = $320000
= i.e. 2020 = $570000
= i.e. 2019 = $530000
Change = $570000 - $530000 = $40,000
= $2,500,000
= $2,300,000
Change = $2,500,000 - $2,300,000 = $ 200000
∴
= $320000 - $40,000 - $ 200000
= $80,000
Answer:
Jason did a good job; everything is correct. (we can assume that he rounded the balance to whole dollars).
Explanation:
Since this is not organized and no picture is included, you cannot tell how Jason organized the accounts.
I used an excel spreadsheet to organize the check register because there is not enough room here.
