Answer:
<u>Assertion 1)</u> Existence or occurrence: the company must provide the loan documents along with proof that they actually purchased the stocks and bonds using the loan money. It would also help to have a document explaining why the building site couldn't be acquired as planned.
<u>Assertion 2)</u> Rights and obligations: all the legal paperwork regarding the loan, the mortgage on the existing plant and the stocks and bond paperwork must be presented.
<u>Assertion 3)</u> Completeness: all the relevant information must be given to the auditor including building titles, inventories, equipment, cash receipts, etc. The auditor should be allowed to physically visit the plant and confirm the documents.
<u>Assertion 4)</u> Valuation and allocation: information regarding the current market values of the building, inventories and equipment should be given to the auditor. The auditor should be able to confirm if the depreciation values and market values are consistent. Also, the auditor must have access to accounts receivables and should be able to analyze them to check for any inconsistencies.
<u>Assertion 5)</u> Presentation and disclosure: the auditor should be able to check expense accounts and capitalization accounts, and analyze them. E.g. equipment or machinery repairs must be treated as expenses and not capitalized.
Answer: An increase in the expected price level shifts short-run aggregate supply to the D. Left, and an increase in the actual price level does not shift short-run aggregate supply.
Explanation: Aggregate supply is the total supply of goods and services that are available in a given market. The producers have production levels match a specific amount of items and then disperse them to the market. As prices change, then quantity supplied and purchased fluctuates accordingly.
Answer:
A correlation of 0.654 means that 65.4% of the difference in number of trash being collected can be explained by the differences in the number of volunteers
Explanation: