it should be noted that financial instruments are created to transfer risks that are difficult to predict.
<h3>What are financial instruments?</h3>
financial instruments can be regarded as contract that exist between individuals/parties which is accessing monetary value.
With these financial instrument , transfer risks in the financial domains can be predicted.
Examples of financial instrument are:
- cheques
- shares
- stocks, bonds
Learn more about financial instrument at;
brainly.com/question/1096688
Answer:
Depreciation expense for 2021 will be $14700
Explanation:
The straight line method charges a constant depreciation expense each period throughout the useful life of the asset. The depreciation expense per period under the straight line method is calculated as follows,
Depreciation expense = (Cost - Residual value) / Useful life of the asset
Depreciation expense = (81000 - 7500) / 5
Depreciation expense = $14700
Answer:
C. has the responsibility of notifying financial statement users through the auditor's report.
Explanation:
Auditor responsibility: The responsibility of the auditor is to give the true and fair opinion on the company's financial statements. The checking of an error or any fraud done by the company is checked by the auditor and the same is communicated to the users of the financial statement.
If all the things are fine than the auditor gives the unqualified opinion else it gives the qualified opinion.
Thus, all other statements are incorrect because it is against the rules and regulations, so if the statement is not fairly stated or the evidence is insufficient to reach any conclusion, the auditor has to notify the users of the financial statement through the auditor's report.
Answer:
Output per worker will increase
Explanation:
Specialization means work is subdivided into smaller tasks. Each individual is assigned the task which suits them the most. In specialization, the individual focus on the assigned tasks only. They do the same job every day for a prolonged time.
By concentrating on a specific task, an employee becomes an expert on that job. Their efficiency increases, which results in an overall higher productivity per worker.
