Answer:
The CPA rebuts the allegations
Explanation:
The Securities Act of 1933 requires that investors receive financial and other significant information regarding any and all securities being sold publicly and prohibits deceit, misrepresentations, and other fraud in the sale of securities. Therefore, since there was material misstatement or omission in the financial statements, the only chance the CPA has is if they rebut the allegations. Meaning that they provide actual evidence, such as physical statements or witnesses that contradict or nullify the evidence that is being presented against them regarding the material misstatement or omission
Journal entries
A.
Dr Cash $6,871.50
DrCash Exceed and Short $50.75
Cr Sales Revenue ($6,871.50+ 50.85) $6,922.25
B.
Dr Cash ($6,922.25 +28.32) $6,950.57
Cr Sales Revenue $6,922.25
Cr Cash Exceed and Short $28.32
Answer:
Explanation:
People who want to obtain credit goods services from financial institutions can use their economic political property rights to do so.
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Answer:
the final payment that investor would received is $11,843.36
Explanation:
The computation of the final payment that investor would received is shown below:
Adjusted face value is
= 10,000 × (1 + 2.5%)^(3 × 2)
= 11,596.93
Final payment = Coupon + adjusted principal
= 11596.93 × 4.25% ÷ 2 + 11,596.93
= $11,843.36
hence, the final payment that investor would received is $11,843.36
Answer: b) $364,090
Explanation:
The Capitalized cost of the land would be the costs incurred to acquire the land and to set it up.
Capitalized cost = Purchase price + demolition of old building + title insurance + attorney fees + property taxes(for period since purchase) - scrap value
= 350,000 + 11,700 + 810 + 540 + (3,000 - 350) - 1,610
= $364,090