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skelet666 [1.2K]
2 years ago
10

An accountant agreed to perform a compilation of a company's financial statements under Statements of Standards for Accounting a

nd Review Services (SSARS). During fieldwork, the accountant decided to perform some analytical procedures. Which of the following would the accountant do related to the compilation engagement? A. Issue a review report because review procedures were performed.B. Issue an audit report because audit procedures were performed.C. Withdraw from the engagement because review procedures were performed on a compilation engagement.D. Issue a compilation report even though review procedures were performed on the engagement.
Business
1 answer:
LekaFEV [45]2 years ago
5 0

Answer: The following would the accountant do related to the compilation engagement: <u><em>Issue a compilation report even though review procedures were performed on the engagement.</em></u>

Under Statements of Standards for Accounting and Review Services (SSARS), the accountant decided to perform some analytical procedures.

<u><em>Therefore, the correct option is (d)</em></u>

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Dylan has a standard set of questions he asks all applicants during an interview. What type of interview does dylan conduct
Juli2301 [7.4K]

Answer:

it is well planed

Explanation:

if not planed  ,not much people will join that job

6 0
2 years ago
What is a worrisome consequence under the joint and several liability principle?
nalin [4]

Each culpable party is responsible for its proportionate share of the damages. Damages are always the responsibility of all negligent parties.

What is  joint and several liability?

  • Each party is individually liable for the entire extent of the damages caused by the tortious act when two or more people become jointly and severally responsible for that though.
  • As a result, if a plaintiff obtains a monetary judgment against all of the parties, they may each be held liable for the full amount of the verdict.
  • The other wrongdoers may then be asked to contribute to that party. The law of undivided injury is the name given to the idea of picking the defendant(s) against whom to seek damages.

The worrisome consequences are as previously mentioned, joint and several liability usually works in the plaintiff's favor because it raises the likelihood that every one of the damages granted will be recouped.

In contrast hand, it can be thought unjust for a party to suffer a disproportionate financial loss as a result of an unpleasant incident for which it had only a tiny responsibility.

Learn more about joint and several liability here:

brainly.com/question/24182454

#SPJ4

7 0
9 months ago
The entry to establish a petty cash fund includes:___________
guapka [62]

Answer:

c) a debit to Petty Cash and a credit to Cash.

Explanation:

According to the golden rule of double of entry that a giver should be credited while a receiver is debited, the cash account is the giver in this case would be credited while the receiver,the petty cash account would be debited on the other hand.

The correct option which corroborates my explain above is option C.

Option A is wrong because the reverse was the case.

7 0
3 years ago
Bramble Corp. purchased a machine for $65600 on July 1, 2020. The company intends to depreciate it over 8 years using the double
KonstantinChe [14]

Answer:

$16,400

Explanation:

Depreciation for 2020 is calculated as;

= (Cost - Nill value) × 50% × 6/12[July to December)

Given that ;

Cost = $65,600

Depreciation = ($65,600 - 0) × 0.5 × 6/12

Depreciation = $16,400

Therefore, depreciation for 2020 is $16,400.

4 0
2 years ago
N
ankoles [38]

Answer:

Stocks is the type of investments that offers both capital gains and interest income.

4 0
3 years ago
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