Answer:
C. Stated qualifications of the entity's accounting personnel
Explanation:
According to my research of the steps that are usually taken when compiling the financial statements of a non-issuer, it can be said that the accountant should know the stated qualifications of the entity's accounting personnel. This is because they should know what the qualification are of the accountant that initially made all the financial statements to see if they actually knew what they were doing.
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There will be a credit of $1500 to Sales Revenue included in the entry to record a sale for $1500 with conditions of 2/7, n/30.
<h3>Why is there a 2/10 N 30 sales discount?</h3>
Explain the significance of the credit terms 2/10 and n/30. 2% of the invoice amount may be withheld by the buyer if payment is made within ten days of the invoice date. -A 30-day grace period, after which full payment is expected. duration of the discount The time period during which a customer can pay less and receive a financial discount.
The phrase "2/10 net 30" means that the consumer will save 2% if the entire payment is paid within 10 days. If not, full payment must be made in 30 days.
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Answer:
b. supply chain management encompass activities that are broader than those of logistics management
Answer and Explanation:
The journal entry to record the manufacturing overhead cost incurred is shown below:
Manufacturing overhead Dr $427,500
To Accumulated depreciation - Plant & Equipment $400,000
To Property tax payable $19,500
To Wages payable $8,000
(Being the manufacturing cost incurred is recorded)
Answer:
The difference between stocks and bonds is that stocks are shares in the ownership of a business, while bonds are a form of debt that the issuing entity promises to repay at some point in the future
Explanation:
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