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SOVA2 [1]
3 years ago
14

Confirmations that are sent to select customers asking them to review the current balance due the client as shown on the client'

s statement and return the letters directly to the auditor indicating whether they agree with the indicated balance, are known by which of the following terms?
A. Direct confirmations.
B. Indirect confirmations.
C. Positive confirmations.
D. Negative confirmations.
Business
1 answer:
nata0808 [166]3 years ago
4 0

Answer:

The correct answer is letter "C": Positive confirmations.

Explanation:

Positive confirmations are audit procedures by which ambiguous information is clarified. It also implies the confirmation of the accuracy of the data provided in the company's books and Financial Statements. By doing so, liabilities, bank accounts, accounts receivables and payables amounts are verified.

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Answer:

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Explanation:

Generally, when wage rates increase, this will led to an increase in the inflation rate. The problem is what happens if wages increase less than the inflation rate. This means that real wages will actually decrease once we adjust them to inflation. This will cause more people trying to get a job or working longer hours just to be able to pay for the same amount of goods as before.

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Answer:ok

Explanation:

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Sam, alfredo, and juan want to start a small u.S. Business. Juan will fund the venture but wants to limit his liability to his i
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7 0
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