True. Zero-based budgeting assumes that all funding allocations must be justified from zero each year. The goal in a zero-based budget is to have the income minus the expenses of the business equal zero.
Answer: D. At least every third audit
Explanation: According to the AICPA Professional Standards of auditing. Testing the operating effectiveness of controls that appear to function as they have in past years and on which the auditor wishes to rely upon in the current year must be carried out at least every 3rd Audit.
This is done if the auditor plans to use audit evidence from a prior audit about the operating
effectiveness of specific controls. The auditor shall establish the continuing relevance of that
evidence by obtaining audit evidence about whether changes in those controls have
occurred subsequent to the previous audit.
Answer: The matching principle <u>"d. states that the revenues and related expenses should be reported in the same period".</u>
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Explanation: The application of this principle is a consequence of double entry; In the specific case of the Correspondence Principle we refer to the relationship that exists between an income and expense at the time of registering a transaction. It can be summarized in the following statement:
For every income there is an expense and for every expense there is an income.
if im not mistaken it might be services.
correct me if im wrong
Answer:
C) a local school district
Explanation:
Many school districts already carry out similar policies through Local School Wellness Policy programs. Malnutrition negatively affects kids the most and that is why school districts are currently trying to fight it. Malnutrition is not simply not eating enough food, it means not eating nutritious food at the right amounts. Obese children can suffer from malnutrition, while a slender kid can have a proper and balanced nutrition.
So if someone is seeking for a grant to fight malnutrition, they should go to their local authorities first and get in touch with the school district.
