Countries gain from exchange when trade enables each country to receive a higher price for exported goods and/or pay a lower price for imported goods. This leads to more efficient resource allocation and allows consumption of a larger variety of goods.
Answer:
The correct answer is D. Materiality levels for particular classes of transactions, account balances, or disclosures might also need to be revised.
Explanation:
The need for less materiality for significant account / disclosure may occur infrequently; however, it may be appropriate in certain circumstances. The materiality of performance related to a lower materiality for the significant account / disclosure is set to reduce to an adequately low level the probability that the sum of the errors not corrected and not detected in that significant account or particular disclosure exceeds the materiality Minor account / significant disclosure.
We must document the minor amount of the materiality of the significant account / disclosure, if applicable, for each specific significant account or disclosure and the factors considered in its determination.
Materiality Modification
The materiality for the financial statements taken together (and, if applicable, the lower materiality for the significant account / disclosure) may be modified as a result of:
- A change in circumstances that occurred during the audit. New information, or
- A change in our understanding of the entity and its operations as a result of performing additional audit procedures.
Answer:
The correct answer is letter "A": innovative.
Explanation:
Innovative changes allow companies to use new strategies and technologies to improve the efficiency of their operations. Sometimes those changes are processes or technological devices created by the company itself while in other cases they are adopted from other entities with similar approaches and accomplish almost the same goal.
Quantity increases while price drops. "<span>The </span>law of demand<span> is a microeconomic </span>law<span> that states, all other factors being equal, as the price of a good or service increases, consumer </span>demand for the good or service will decrease, and vice versa." - i<span>nvestopedia.com </span>
Answer:
In QuickBooks Online Accountant, users with admin access and Firm Owners and have the authority to access of other users in the firm. The 3 levels of access that can be granted to Team users of QuickBooks Online Accountant are:
- <u>Full
:</u> these users have access to accounting features, and books such as edit, remove and add users.
- <u>Basic
:</u> These users have access to create and read accounting.
- <u>Custom:</u> These users can access administrative functions for the firm
, access to manage clients and access to client QuickBooks
.
