Answer:
c. The owner of a company is the accountant's father.
Explanation:
Standard for Accounting and Review services (SSARS) is used for an entity that is not required to file financial statements with a regulatory body for sale of its securities in the public market.
It is concerned with unaudited financial statements and other unaudited information.
According to the SSARS when the accountant is exposed to bias by being related or having vested interest in the company he is precluded from issuing a review report on the companie's financial statements.
Answer:
A. Accounts receivable will be debited by $7,200.
Explanation:
Accounts receivable is the payments that customers owe to a business. It arises when a business sells goods to customers of credit. Accounts receivables are current assets as they represent money that the business expects to receive in the short term.
Recording the transaction for accounts receivable follows the principle for recording assets transactions. An increase in assets is debited. The accountant will debit accounts receivable by an amount of $7200.
Answer:
Cost of leasing over buying is $144.59
Explanation:
For computing the cost of leasing the laptop over buying it outright, we have to calculate the present value is shown below:
Given that,
Future value = $0
Rate of interest = 14% ÷ 12 months = 1.17%
NPER = 4 years × 12 month = 48 months
PMT = $75
The formula is shown below:
= PV(Rate;NPER;-PMT;FV;type)
So, after solving this, the present value is $2,744.59
And, the buying amount is $2,600
So, the difference is
= $2,744.59 - $2,600
= $144.59
Answer:
less expansive
Explanation:
i took the test. i got it right
Its actually <em><u>A) Office Managers and Human Resource workers</u></em>
