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rjkz [21]
3 years ago
12

Which of the following auditing procedures will provide evidence to support management’s assertions regarding the allocation and

valuation of inventories?
A) Vouching inventories to receiving documents.
B) Determining the replacement cost of inventories.
C) Vouching inventory counts to accounting records.
D) Tracing items reported in the accounting records to inventory counts.
Business
1 answer:
Rudiy273 years ago
4 0

Answer:   Option C

                                                     

Explanation: In simple words, vouching refers to the process in which an auditor confirms that something is accurate and true as described earlier.

      While performing auditing, the auditor performs the vouching function by physically counting the inventory and compare the count results with the statements that are presented by the firm to make sure that the documents are accurate.

Hence from the above we can conclude that the correct option is C.

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Managers should _______ in order to empower them, to lead for competence.
kaheart [24]
A is the answer to this question
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Joe and Michelle have a partnership firm. Based on the income-based method of calculating GDP, what category is the income earne
tekilochka [14]

Answer: B) employee’s compensation.

The income approach to measure gross domestic product or GDP starts with the income earned (wages plus plus rents plus interest plus profits) from the production of goods and services.

Based on the income-based method of calculating GDP, income or wages earned by Joe and Michelle for being partners can be categorized under B) employee’s compensation.


3 0
3 years ago
Can we get negative cost of equity? and what does it represent?
Dovator [93]
Yes u can get negative cost of equity
8 0
4 years ago
Read 2 more answers
You have an investment that will pay you 1.18 percent per month. a. How much will you have per dollar invested in one year? (Do
fiasKO [112]

Answer:

The correct answer for option (a) is $1.15 and for option (b) is $1.33.

Explanation:

According to the scenario, the given data are as follows:

Present value (PV) = $1

Rate of interest (R) = 1.18% per month

Time period (for option a) (t1)= 12 months

Time period ( for option b) (t2)= 24 months

So, we can calculate the future value by using following formula:

FV = PV × ( 1 + R )^t

(a). By putting value in the formula:

FV = $1 ( 1 + 0.0118)^12

= $1 × 1.1511610877

= $1.15

FV = PV × ( 1 + R )^t

(b). By putting value in the formula:

FV = $1 ( 1 + 0.0118)^24

= $1 × 1.32517184983

= $1.33

6 0
4 years ago
If data aggregation is the goal of collecting the data, ______ are the best choice.
Jobisdone [24]

<span>The answer for the blank pace is:
"Classifications"
The full sentence will be read as follow:

If data aggregation is the goal of collecting the data, Classifications are the best choice.</span>

Data aggregation means a process where information is gathered and expressed in a summary form, and the purposes include many such as statistical analysis etc. 

<span> </span>

8 0
4 years ago
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