Answer:
Explanation:
Step 1:
the auditor is required to provide reasonable assurance for the financial statement audited.To provide such reasonable assurance,appropriate evidence must be obtained to confirm that no material misstatement material is present in the financial statement
Step 2:
For each statement select true or false in the following manner
a. A recent improvement in computer hardware is the ability to automatically produce error listings. Previously, this was possible only when provisions for such a report were included in the program.
FALSE
b. The control of input and output to and from the information systems department should be performed by an independent data control group.
TRUE
c. An internal-audit computer program that continuously monitors IT processing is a feasible approach for improving internal control in OLRT systems.
TRUE
d. An internal label is one of the controls built into magnetic tape drive hardware by the hardware manufacturers.
FALSE
e. A limit test in a computer program is comparable to a decision that an individual makes in a manual system to judge a transaction's reasonableness.
TRUE
f. A principal advantage of using magnetic tape files is that data need not be recorded sequentially.
FALSE
g. A major advantage of disk files is the ability to gain random access to data on the disk.
TRUE
h. The term grandfather-father-son refers to a method of protecting computer records rather than to generations in the evolution of computer hardware.
TRUE
i. When they are not in use, tape and disk files should be stored apart from the computer room under the control of a librarian.
TRUE
Answer:
The Journal entries are as follows:
(i) On August 1,
Cash A/c Dr. $6,500
photography equipment A/c Dr. $33,500
To common stock $40,000
(To record the issuance of common stock for cash and photography equipment)
(ii) On August 2,
Prepaid insurance A/c Dr. $2,100
To cash $2,100
(To record the cash paid in advance for insurance)
(iii) On August 5,
Office supplies A/c Dr. $880
To cash $880
(To record the cash paid for office supplies)
(iv) On August 20,
Cash A/c Dr. $3,331
To photography fees earned $3,331
(To record the photography fees earned)
(v) On August 31,
Utilities A/c Dr. $675
To cash A/c $675
(To record the cash paid for utilities)
He would would have a short term capital loss of $200 (10 shares at $20 each)
Short term losses are considered losses on assets that have been held for less than 1 year.
Answer:
the price will grow to $ 507,571.77 If it continues with the same grow rate
Explanation:
first we solve for the rate:
2006 - 1895 = 111 years
![Nominal (1+r)^{n} = FV\\150 (1+r)^{111} = 70,000\\\\r = \sqrt[111]{70,000 / 150 } -1](https://tex.z-dn.net/?f=Nominal%20%281%2Br%29%5E%7Bn%7D%20%3D%20FV%5C%5C150%20%281%2Br%29%5E%7B111%7D%20%3D%2070%2C000%5C%5C%5C%5Cr%20%3D%20%5Csqrt%5B111%5D%7B70%2C000%20%2F%20150%20%7D%20-1)
r = 0.06
Now we apply this rate for the year 2040:
2040 - 2006 = 34 years
Principal 70,000.00
time 34.00
rate 0.06000
Amount 507,571.77
Answer:
I think things you can do to show enthusiasm are:
1. showing in your work (even if it is not your favorite)
2. Think on the bright side.
3. Smile, sit up straight, make eye contact with co-workers, and talk in a upbeat manner.
Hope this helps!!!
