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Elina [12.6K]
3 years ago
5

Kimberly has been helping Jonah in preparing his personal income tax forms for a couple of years. Jonah's boss recommended Kimbe

rly because she had done a good job setting up the company's new accounting system. Jonah is very satisfied with Kimberly's work and feels that the fees she charges are quite reasonable, Kimberly would be classified as a(n) a. independent auditor b. private accountant c. public accountent d. eccounting broker
Business
2 answers:
Elenna [48]3 years ago
8 0

Answer:

c. public accountant

Explanation:

Kimberly would be classified as public accountant. Since it has been mentioned that kimberly has been helping Jonah in setting up accounting system, facilitating with tax forms she would be classified as public accountant as they give advice facilitate on financial information to different clients and individuals. Public accountant serves businesses on their fee as mentioned in the text kimberly is doing that. Other duties of public accountant will be providing services like accounting expertise, auditing, and tax services to their clients.

Yuliya22 [10]3 years ago
8 0

Answer:

The correct answer is letter "C": public accountant.

Explanation:

A Certified Public Accountant (CPA) works for a public accounting firm and provides audit, payroll, consulting and accounting services to other firms, associations or individuals. Some other CPA responsibilities include the compilation and review of accounting records and the preparation and examination of those transaction reports.

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Answer:

Feb 1=> Cash ( debit) = 2,444,000.

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Explanation:

(A). On FEB. 1, the accounts and Explanation is given below:

Cash ( debit) = 2,444,000 {that is from; 47,000 × $52}.

Prefered stock (credit) = 2,350,000 { that is from; 47,000 × $50}.

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(B). On JULY 1, the accounts and Explanation is given below;

"July 1 Issued 62,500 shares for cash at $56 per share."

=> Cash (debit) = 62500 × 56 = 3,500,000.

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Paid in capital in excess of par value-preferred stock(credit) = 3,500,000 - 3,125,000 = 375,000.

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