Answer:
The correct answer is B. Maintenance of control over unused checks.
Explanation:
Risk of material misstatement is the risk that the financial statements contain material misstatements prior to the performance of the audit. The risk comprises two components, described as follows, in the statements:
Inherent risk - Susceptibility of a statement about a type of transaction, accounting balance or other disclosure of information to a misstatement that could be material, either individually or in aggregate with other inaccuracies, before taking into account the possible corresponding controls.
Control risk - Risk that an error that could exist in a statement about a type of transaction, accounting balance or other information relief, and that could be material either individually or in aggregate with other inaccuracies, is not prevented, or detected and corrected in a timely manner, by the entity's internal control system.
Answer:
d. Deductible compensation expense must be considered reasonable under the facts and circumstances of the employment.
Explanation:
Elon Musks collected billions of dollars due to the excellent performance of Tesla's stocks. The compensation awarded to the CEO, CFO and maximum three other executives must be reasonable. Performance based compensation is not limited in an amount, instead they are limited on the number of people that receive them.
The journal entry to record the payment of the note and entire interest on april 1, 2017 is as follows; Debit Notes Payable $4,000, Debit Interest Expense 120, Debit Interest Payable 40, <span>Credit Cash $4,160.
April 1,2017
Notes payable $4,000
Interest expense $120
Interest payable $40
Cash $4,160</span>
Answer:
Funsters should increase the supply of its doll now before the other doll hits the market.
Explanation:
Answer:
Gross profit Margin 37.41%
Explanation:
The gross profit margin is the quotient between the gross profit and the sales:
Gross profit Margin 0,374089 = 37.41%
