When financial statements of a nonpublic company are affected by a material departure from generally accepted accounting principles, the auditors should issue an opinion that is unmodified.
<h3>What is GAAP?</h3>
The full form of the GAAP is Generally Accepted Accounting Principles in which the rules and regulations related to the financial accounting are written.
In the above case in which the Non public company is affected by the departure of the material then the auditors must issue the an opinion that is unmodified.
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Answer:
Complete question is attached in form of image.
a). Maximum amount of charitable deduction for Cash Contrbutions = 7650 + 5450
= $ 13100
a). Maximum amount of charitable deduction for Property Donations
= 15250 + 18375
= $ 33625
The amount of deduction for contribution to American Heart Association will be the amount equal to the cost of antique painting given to the american heart association.
The amount of deduction for contribution to First Methodist Church will be the amount equal to the FMV of Coca-Cola stock given to the first methodist church.
FMV stands for Fair market value.
Maximum amount of charitable deduction for Cash contribution = $ 13100 and Maximum amount of charitable deduction for Property donation = $ 33625.
Answer:
$200
Explanation:
Given that,
Price of sweeter = $100
Marginal benefit from sweeter = $300
Recall that
Consumer surplus refers to the marginal benefits gotten from a good in excess of the price of paid for that good, summed over the total quantity of goods bought.
Since only one sweeter was bought
Thus,
Consumer surplus = (marginal benefit - price) ÷ quantity bought
= (300 - 100) ÷ 1
= $200
Where did the answer go after I signed up? I sign up and the answer disapperas?
An analyst will need to use the team approach to evaluate projects with unequal lives when the projects are:
Equivalent annual annuities
Another method to deal with the unequal life problem of projects is the equivalent annual annuity (EAA) method. In this method, the annual cash flows under the alternative investments are converted into a constant cash flow stream whose NPV is equivalent to the NPV of the comparative project’s initial stream.
Consider the case of Cute Camel Lumber Company:
Cute Camel Lumber Company is considering a three-year project that has a weighted average cost of capital of 12% and a net present value (NPV) of $49,876. Cute Camel Lumber Company can replicate this project indefinitely.
The equivalent pension approach is one of two methods used in capital budgeting to compare mutually exclusive projects to those with unequal lifetimes. The EAA approach calculates the constant annual cash flow that a project will generate over its lifetime if the project is an annuity.
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