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SIZIF [17.4K]
3 years ago
14

An examination of the financial statements of a business to ensure that they conform to generally accepted accounting principles

is called:_______
a. A certification
b. An audit
c. A verification
d. A validation
Business
1 answer:
ra1l [238]3 years ago
4 0

Answer:

The correct answer is letter "B": An audit.

Explanation:

An audit is an objective examination of accounting records that makes sure the records are a fair and accurate representation of the transactions they claim to represent. An audit is often used to mean an examination of a taxpayer's records by the Internal Revenue Service (IRS).

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Please help
Andrew [12]

Answer: It’s research the issues

Explanation:

The other answer is wrong

3 0
2 years ago
A decline in the Index of Supplier Deliveries is typically an indicator of a future _____ in economic production, and a narrowin
Umnica [9.8K]

Answer:

D. slowdown; slowdown

Explanation:

Based on the scenario been described in the question, a decline in the index of supplier deliveries will definitely slowdown economic production because it will lead to delay in delivery and also it is an indicator that future production will be slow. Also, the narrowing of the interest rate spread between 10years treasury note the three months bill is clearly an indicator that future economic production will be slow

4 0
3 years ago
Which of the following can a grocery store change in the long run?
ddd [48]

Answer:

I believe all of the above

Explanation:

went with what came to mind if its wrong very sorry.

3 0
3 years ago
Consumers experience ______ marginal utility the more they consume of a particular good or service.
kifflom [539]

<u>Answer:</u>

less

<u>Explanation:</u>

The law of diminishing marginal utility states that, as consumption of a good or service increases, its marginal utility decreases.

4 0
2 years ago
Purchases of inventories by A) households and Firms are also counted in investment spending. B) foreign consumers are counter in
Iteru [2.4K]

Answer:

The answer is C.

Explanation:

Gross Domestic Product is the total market value of all final goods and services produced within a country during a given period of time. It is usually a year.

In calculating, GDP, we have expenditure approach, income approach and value-added approach.

In this question, the expenditure approach will be used to explain the answer to this question.

To calculate GDP using expenditure approach, the formula is:

C + I + G + (X-M)

where C is the consumers' spending

I is the investment spending

G is government spending

X is the exports

M is the imports.

The correct answer is C. firms purchases of inventories is part of investment spending. Firms can purchase raw materials(inventory) and process it into finished goods(inventory). The change in inventory(difference between the closing inventory and opening inventory) is part of the calculation of investment spending.

Households buying inventories(finished goods) is part of consumers' spending and not investment spending.

6 0
3 years ago
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