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
marta [7]
4 years ago
10

Which of the following is not true about the confirmation of accounts receivable?A. Confirmation requests should bear the audito

rs' return address.B. Confirmation requests should be signed by the auditors.C. Confirmation requests should be mailed directly by the auditors.D. Confirmation requests should include a return envelope addressed to the office of the auditors.
Business
1 answer:
grigory [225]4 years ago
6 0

Answer:

B

Explanation:

A. The return address needs to be included in order for the purchaser/seller to directly confirm the accounts receivable without the client having involvement.

C. Similar to A, the confirmation requests should be sent directly to the auditor to ensure that no client involvement is included.

D. Similar to A and C, the key to confirmations is that the client has no involvement in the confirmation, to reduce and eliminate the risk of meddling.

You might be interested in
More businesses and organizations, such as Amazon, Uber, MTA, an airline industry, professional sport organizations such as MLB
irina1246 [14]

Answer: d. Dynamic pricing strategy

Explanation:

The companies mentioned above are increasingly turning towards Dynamic pricing in order to maximize sales and therefore increase profitability.

Dynamic pricing refers to a strategy where goods are priced at the optimal price based on the conditions at the time. In other words, it involves trying to sell at a price that is cheapest for the customer based on factors such as consumer willingness to pay, competition and others.

Prices can therefore change multiple times in as little a period as a day just to ensure that customers buy the goods being offered.

8 0
3 years ago
Shale Oil Corporation combines its assets and debts with those of Tierra Frakking Company to form Unified Resources, Inc. Shale
andriy [413]

Answer:

1. c. a consolidation

2. a. all of Shale's and Tierra's assets

3. c. all of Shale's and Tierra's debts

Explanation:

1. When multiple companies join up together to form a new company, this is called a Consolidation which is what Shale Shale Oil Corporation and Tierra Frakking Company did when they formed Unified Resources, Inc.

2. In a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources acquires all of Shale's and Tierra's assets.

3. As previously stated, in a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources assumes all of Shale's and Tierra's debts as well.

7 0
3 years ago
James Company began the month of October with inventory of $32,000. The following inventory transactions occurred during the mon
Anvisha [2.4K]

Requirement 1: [Find attachment 1]

Requirement 2: [ Find attachment 2]

8 0
3 years ago
Lyle corp. is a distributor of pharmaceuticals and sells only to retail drug stores. lyle received unsolicited samples of non-pr
Rudik [331]
<span>Fair market value should include as gross income in Lyles return for the receipt of these samples. It is the estimate of the market value of a property when the buyer and seller are knowledgeable and unpressured. Precedent or extrapolation helps in finding the Fair market value estimate.</span>
8 0
3 years ago
Which of these goals is specific?
stellarik [79]
The first one is specific because it tells what kind of traveling they want to check that their friends have done
6 0
3 years ago
Other questions:
  • Hofstede studied how culture influences consumer behavior. When a Japanese company decides that it will be willing to lose money
    11·1 answer
  • The comparison of a company's financial condition and performance across time is known as:
    5·1 answer
  • An investment adviser has a soft dollar arrangement with DEF Brokerage Company. An investment adviser representative brings a bi
    8·1 answer
  • When saving documents, it is recommended that you keep utility bills: (
    11·1 answer
  • The objective of maximizing value for the shareholders provides an important theme in corporate finance. This objective is not w
    14·1 answer
  • Brittany Callihan sold stock (basis of $184,000) to her son, Ridge, for $160,000, the fair market value. a. What are the tax con
    13·1 answer
  • Suppose the market price is $5. The buyer who buys the first unit of output has a willingness-to-buy equal to $10; the buyer who
    7·1 answer
  • Bonnie is writing a cover letter for a job application.She has written the introduction describing her strengths.However,she is
    12·1 answer
  • What is decomposition?Name two types of decomposers and describe their importance.....​
    6·1 answer
  • If you deposited $1,000 in a savings account that paid an annual percentage rate of 1 percent and that compounds quarterly, how
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!