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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.

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Income Statement, Retained Earnings Statement, and Balance Sheet The amounts of the assets and liabilities of Glacier Travel Ser
pashok25 [27]

Answer:

  Income Statement Dec. 31, 20Y6

<u>           Glacier Travel Service                 </u>

Total revenue                        $900,000

- Wages expense                 ($425,000)

- Rent expense                     ($180,000)

- Utilities expense                 ($75,000)

- Supplies expense               ($38,000 )

<u>- Miscellaneous expense     ($37,000) </u>

EBIT                                        $145,000

<u>- Taxes                                   ($30,000)</u>

Net profit                                $115,000

4 0
3 years ago
A production function is a relationship between:____.a. inputs and profit. b. inputs and quantity of output. c. inputs and reven
Dahasolnce [82]

Answer:

b. inputs and quantity of output

Explanation:

A production function is a relationship between inputs and the quantity of output. In other words, it is the entire production process that goes into creating a product. This includes the specific materials that need to be inputted into the process in order for the output to be exactly as needed in order for the product to come out as desired and the right quantity. Thus, creating a relationship between input and output

4 0
3 years ago
Select the correct answer.
pshichka [43]

Answer:

Choice d is my answer

Explanation:

3 0
3 years ago
The distribution of income for Dismal is as follows: Number of Families Income 1,000 less than $10,000 2,000 between $10,000 and
RUDIKE [14]

Answer:

The correct answer is:

$20,000 (b.)

Explanation:

In order order to calculate the poverty line for Dismal, we will first of all calculate the total number of families in Dismal as follows:

from lowest to high income = 1,000 + 2,000 + 2,000 + 800 + 200 = 6,000

Next, we are told that the poverty rate = 50% = 0.05

Since the Total families = 6000

Therefore, number of poor families = 50% of 6,000 = 0.05 × 6000 = 3,000

Therefore 3,000 families are poor in Dismal

To determine the poverty line, we will count from the lowest earning families upwards until the 3,000th family. The highest income of the 3,000 families counted forms the poverty line. This is done as follows:

1,000 families = $10,000

2,000 families = $10,000 to $20,000

These two groups make up the first 3000 families, and the highest income in the group is $20,000.

Hence the poverty line of Dismal = $20,000

5 0
3 years ago
A company's competitive advantage will not endure for long when that competitive advantage can be
Tanya [424]
Quickly or easily duplicated by other companies
4 0
3 years ago
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