1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
leva [86]
3 years ago
13

An audit basically consists of having the auditor form an opinion regarding management's financial statement assertions. The aud

itor therefore develops general and specific program steps to apply to the accounts and transactions. In a particular case, s/he might do this by:A. Tracing sales invoices to shipping documents to tests the completeness of reported sales.B. Tracing shipping documents to sales invoices to test the occurrence of reported sales.C. Tracing sales invoices to shipping documents to test the occurrence of reported sales.D. Tracing sales invoices to shipping documents to test the completeness of recorded accounts receivable.
Business
1 answer:
Anika [276]3 years ago
5 0

Answer:

C. Tracing sales invoices to shipping documents to test the occurrence of reported sales.

You might be interested in
On a timeline, a goal that will be achieved in __________ years will be to the right of one that will be achieved in __________
kari74 [83]

Answer: D. 14;10

Explanation: The answer is D. 14;10 because a date to the right on a number line is older. This means that the first number has to be larger than the second number, and only D has this.

7 0
3 years ago
Read 2 more answers
tone Company produces carrying cases for CDs. It has compiled the following information for the month of June: Physical UnitsPer
Svetlanka [38]

Answer:

TOTAL 258,000

TOTAL 258,000

Explanation:

Calculation to reconcile the number of physical units Using the FIFO method

PHYSICAL UNITS

Beginning Inventory 74,000

Units Started 184,000

TOTAL 258,000

PHYSICAL UNITS

Units Completed 164,000

(258,000-94,000)

Ending Inventory 94,000

TOTAL 258,000

Therefore Using the FIFO method to reconcile the number of physical units will give us 258,000 and 258,000

4 0
3 years ago
Use the drop-down menus to indicate whether each of the following events would be recorded as revenues or expenses at the time i
nikitadnepr [17]

Answer and Explanation:

The classification is as followS:

<u>Transactions                                 Accrual basis        Cash basis </u>

1. Cash received in advance      Not record              record the revenue

2. Purchase supplies                  Not record              Not record the expense

3. Received cash for services     record  revenue       record revenue

4. Perform services                     Record revenue       Not record the revenue

5. Pay cash for the supplies         Not record          record the expense

In this way it should be classified

4 0
3 years ago
Swifty Corporation reported net sales of $690000, $730000, and $828000 in the years 2016, 2017, and 2018, respectively. If 2016
Flura [38]

Answer:

120%

Explanation:

Given net sales;

Year 1996 = $690000

Year 1997 = $730000

Year 1998 = $828000

With 1996 as the base year, it means the percentage of any year can be computed by dividing the net sales for that year with the net sales for 1996 and expressing the results as a percentage.

1998 sales as a percentage of  the base represents

= $828000/$690000

= 1.2

Expressed as a percentage, this is 120%.

3 0
3 years ago
Peterson Company purchased machinery for $960,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $6
Molodets [167]

Answer:

198,000

Explanation:

(960000 - 60,000) / 5 = 180k

Deprecation expense = 180,000 x 5 = 720,000

Deprecation expense from January to April = 4/12 x 180000

720 + 75h

4 0
3 years ago
Other questions:
  • Isabellas, Inc., a local convenience store, sells soft drinks. It sells two large drinks for every small drink. A large drink se
    12·1 answer
  • The effective Fed Funds Rate is the_________.
    12·1 answer
  • Tracy transfers property with a value of $60,000 and adjusted basis of $50,000 to form Riley Corp. solely in exchange for all 10
    15·1 answer
  • laston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of un
    8·1 answer
  • True or False
    6·2 answers
  • AG Inc. made a $85,000 sale on account with the following terms: 1/15, n/30. If the company uses the net method to record sales
    5·1 answer
  • The Country Fields Retirement Community charges $6000/month for a single senior citizen to reside in an efficiency apartment wit
    6·1 answer
  • Which consideration must a society address when deciding for whom to produce a potentially scarce or limited
    15·2 answers
  • Help please Briefly explain how technology affects promotional strategies.
    14·1 answer
  • What was the MAIN topic of this chapter?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!