Common corroborating procedures include examination of supporting evidence, inquiries of independent persons, and evaluating evidence obtained from other auditing procedures.
<h3>What is
evidence ?</h3>
- Evidence refers something that can be used to prove something.
- For example, the evidence presented at the trial, or the trail of breadcrumbs following Hansel's trail through the woods.
- Evidence is an item presented by a party to make the auditing of a fact more or less likely.
- Evidence may take the form of testimony, documents, photographs, videos, audio recordings, DNA tests, or other physical objects.
- There are two types of evidence for auditing . direct evidence and circumstantial evidence testimonies.
- This is one of the most common forms of evidence given orally or in writing by a witness under oath.
- It can be obtained in court, by affidavit, or by affidavit.
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Answer:
<em>e) $320,000</em>
<em>Harley's income from Bike in 2012= Harley's investment in Bike * Net Income of Bike in 2012 + Dividend Income share of Harley received from Bike in 2012</em>
= 0.4 or 40% * $ 500,000 + 0.4 or 40% * $ 300,000
= $ 200,000 + $ 120,000 = <em>$ 320,000 </em>
Explanation:
For computing Harley's income from Bike in 2012, we should find the Harley's income from Bike from the two sources given in the problem i.e.
- <em>Net Income of Bike in 2012</em>
- <em>Dividend Paid by Bike in 2012</em>
The Net Income of Bike in 2012 = $ 500,000
Therefore, <em>Harley's Net Income share in Bike of 2012</em> = 0.4 or 40% * $ 500,000 (As Harley's investment in Bike is 0.4 or 40%).
= $ 200,000 - (Part A)
<em>Dividend income of Harley from Bike in 2012</em> = 0.4 or 40% * $ 300,000
= $ 120,000 - (Part B)
Adding Part A and Part B we get the answer of <em>$ 320,000.</em>
This statement is false.
The nation's total wealth didn't almost triple, it almost doubled between those years, whereas the rest of the sentence is indeed correct. The living standard in America was great - everyone was prosperous and could afford to live better than ever, at least for a while.
The correct question is:
Andrea wanted to purchase a gaming desktop computer. After a lot of research, she decided to buy a desktop from a retail store which was giving 3 videogames free with the computer. In this scenario, the gaming computer, along with free videogames, is an example of a(n) _____.
Answer:
Augmented Product
Explanation:
An augmented product is an intangible feature or add-on that comes with a product. For example warranty on a television, free customer support, free delivery, and so on.
This is a good sales strategy that differentiates a product from others on the market.
In the question above, the video games are an additional feature that adds value on this particular desktop computer, and differentiates it from others.
It is a true statement that a typical written contract or agreement must contain a description of the consideration promised in order to satisfy the Statute of Frauds.
<h3>What is the
Statute of Frauds?</h3>
This refers to the legal concept that requires certain types of contracts to be executed in writing.
In the legal field, the Statute of Frauds covers contracts for the sale of land, agreements involving goods worth over $500 and contracts lasting one year or more.
Most times, the Statute of Frauds can be satisfied by any signed writing that:
- identifies the subject matter of the contract
- is sufficient to indicate that a contract exists
- states with reasonable certainty the material terms of the contract.
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