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LekaFEV [45]
3 years ago
14

Rinetin corporation has been falsifying its financial statements for the past year. the staff in the accounting department of th

e company have been fake employee ids and recording payments on the company's payroll. the funds sent to these fake employees are then redirected to the company's bank accounts. when rinetin corporation is audited, the auditors fail to discover this fraud because of their negligence. months later, a whistle-blower alerts the appropriate authorities about the company's deceptive practices. in this scenario, the accountants who conducted the audit of the company will be held civilly liable under __________.​
Business
1 answer:
max2010maxim [7]3 years ago
8 0

The accountants who conducted the audit in the Rinetin Corporation who fail to discover the falsification of the company's financial statements for the past year because of their negligence will be held civilly liable under Section 11(a) of the Securities Act of 1933.





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4 years ago
Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $28,000. The estimated useful life was
jeyben [28]

Answer:

You get the highest net income in year 2 with  <u>Units-of-production  method.</u>

Explanation:

Schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the three depreciation methods is attached.  

<u>Straight-line </u>

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Download xlsx
6 0
3 years ago
Gonzales Company currently uses maximum trade credit by not taking discounts on its The standard industry credit terms offered b
ira [324]

Answer:

d.$38,448

Explanation:

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= $11,760 × 20 days

= $235,200

The interest would be

= $235,200 × 10%

= $23,520

Now the gross purchase  is

= (Net purchase × total number of days in a year) ÷ (1 - discount rate)

= ($11,760 × 365 days) ÷ (1 - 0.02)

= $4,292,400 ÷ 0.98

= $4,380,000

The discount is

= $4,380,000 × 0.02

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= ($87,600 - $23,520) × (1 - tax rate)

= $64,080 × 0.60

= $38,448

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3 years ago
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Answer:

b. false

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Research indicates that if there is effective conflict management in teams, this can be an important source in their development and innovation, being noticeable as a constructive conflict, where there is positive reflection and debate on differences in work, for example, which can culminate in more creative solutions, greater participation of members, greater capacity for tolerance and determination to deal with conflicts and overcome them in order to achieve the team's goals.

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